Jim, You and Pat Mudge make great posts for keeping up on developments. I bought 600 more shares of Amati last week at $12. Previously I had bought at $5 and $6 and sold at $29 all but 100 shares. After the Siemens news and MCI news, and more confirmations of Amati's relationship with NEC and the fact they will actually manufacture the modems for NEC as well as Siemens, along with the proliferation of ADSL news in the press, I decided it was time to buy back in. I think its possible it could sag lower if they issue stock to raise money, but I think the odds are within the next six months to a year we will see it pop back over $20. I personally think that once large scale production gets going by the big companies, they will start "advertising hype" surrounding ADSL Modems in proportion to the size of their investment in the equipment. I think the advertising dollars from big companies like MCI, will be huge promoting ADSL Modems and Cable Modems. They will use it to get people to switch to their network. I think this is the calm before the storm. Amati is well positioned to get a piece of a very big pie. Since it is such a small company this could result in a large increase in revenue and profit for them.
Since there are people both short and long on stocks, I generally view the posts that are extremely negative or upsetting to the people on a thread as most likely shorts. Trying to magnify insecurities of the other people on the thread so they sell or stop posting usefull information that would show a stock really does have potential.
Good luck.
P.S. I think Amati has been doing a great job of building relationships with the biggest of the big companies (and seems be well respected by them). After all who is bigger on a world scale, Analog Devices or TI, MOT, NEC, Siemens. This is a very good sign. |
