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Technology Stocks : FSII - The Worst is Over?

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To: Christopher Brainard who wrote (2524)8/30/1999 3:10:00 PM
From: Donald Wennerstrom  Read Replies (1) of 2754
 
Chris, I know how you feel. Several times on this thread I have documented my plight. I bought this stock for $13 in June 1996 and still have it - talk about "dead money"!!

I held on to the stock because for a rather long time I thought management was doing the right thing by investing in R&D and building up capacity. In other words, I kept making excuses for their poor performance.

Now, however, I am through that phase. In my opinion, management is not stepping up to the plate to stem their losses in a reasonable amount of time. Not only are they losing money this year (which ends this month), but they are predicting they are going to lose money next year as well. By now they should have taken steps to "cut the red ink" and be looking forward to a profitable year next year. Their present outlook and projected performance is ridiculous!

Don W.
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