Jay,
Nice article in today's NYT on Taiwanese living in Beijing and doing business in China. The upshot of the article is that they feel comfortable there, and feel that the recent "hardball" rhetoric coming from China is just hot air, will lead to no action. "There is too much to lose on both sides", said one of them. A good read if you're interested in the situation.
RE: the recent stock activity: I actually think it's healthy. We went up too far too fast. If I had had shares in a tax qualified account, I would have done some trading, I think (just theoretical). Most of my shares are long term, except for a few I bought last October or so in the wake of the earthquake, and I didn't want to disturb the tax status. I still believe, contrary to The Prophet, that we will be on a roller coaster for quite awhile. The trading range will lift though around earnings, either just before in anticipation or just after in response. I seem to recall reading recently that they are completely booked through the second quarter and most of the third. Both earnings and forward looking comments should be outstanding, and estimates will be raised. A billion dollars in revenue for FY01 will be visable, IMO, and that should lift the stock, perhaps even to Prophet's 200 goal.
Aus,
Once again, I'm afraid I probably won't be able to make the meeting, have prior commitments that stretch into the first week of June. Will try to free up a few days, but not sure I can. Would love to meet Shugart and EH, extend my personal thanks to them for their vision and work over the years, as well as other threadsters.
A jeans & tennis shoe kind of guy,
Sam |
