Kris, I see the "sideways movement" as no more than the market being
more conservative in its valuation of ALL TECH STOCKS. WIND has done
much better than some - INTS, MWAR, SYSF come to mind. If you haven't
proven your metal, your stock price is still off considerably from its
previous highs. The fact that WIND has returned to its pre-crash price
is a big endorsement of the company, in my mind. I think WIND will
continue up as more news unfolds and more earnings are added, but the
downside will never be as bad as last spring, because the market is
taking a more cautious stance. I, for one, think this is healthy. The
effects of the tech stock crash last spring will not wear off over-
night.
On I2O: it's not that WIND management "knows of no analyst that has
taken i20 revenues into account". WIND management TOLD the analysts
NOT to take I2O revenue into account, until WIND had experienced a
couple of quarters of I2O income and could provide meaningful earnings
estimates. This is in keeping with WIND's conservative financial
behavior. Again, I personally think this is a healthy and rational
method of dealing with the situation. As a long term WIND investor,
the last thing I want is to see the stock driven to extremes, only
to turn around a drop like a rock. The momentum guys would have a
field day if WIND didn't do exactly what they are doing - keep wild
speculation at bay and deal honestly with the facts as they become
known. The good news about I2O is real enough, we just need to be
patient and watch it unfold. Having said that, when I2O numbers start
to come in, watch out, because I believe we are going to be holding on
for dear life as this stock takes off to a new level.
-Dave Lehenky
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