Steve, my view is that anyone who does not fully understand what is likely to be reported in Q2 is asking to experience fully a severe correction, which in my opinion is likely to start just before or coincident with the reporting of results. That is why I keep mentioning it, as I think too many people expect a positive surprise.
My post 2241 did address your opinion that I may be understating second half performance. I will be startled if they make a profit in Q4 as I commented. I also think the odds are high that current sellers will be sorry a year from now and because of that view I have not sold a single share. I just do not see how they do not make good money next year, starting in Q1. I would be curious as to what fundamental basis "old xicor investor" has for disagreeing with this thesis, unless his sale was for technical reasons.
My basic view is the following and because it can be simply put I am
really happy with it:
-The SIA report probably means an attractive SEMI business environment
for quite a while.
-Xicor finally has the right business model and decent mgmt to implement it.
-These outside fabs are not picking up Xicor's proprietary process technology because they think it is garbage and they expect to be stuck with it.
-These outside fabs will help bring Xicor to the next level on design (battery mgmt products, for example) and process (C7 to .35 micron over the next few years).
-The allusion to IBM/LU on the last conference call is a loud and clear signal that Xicor can attract the interest of the largest customers in the world.
In other words, environment plus production capability plus design
success plus large customers should give, in the hands of capable mgmt, quite acceptable results, even from this price.
OT: Would you touch core holdings of that other company?! (I have no need to sell anything.) |
