Mark,
I don't understand what you have against Jerry Fiddler and WINd River Systems, because no matter what they do, it just does not seem to be good enough in your book.
I guess when H&Q's Matt Belkin said, and I quote,
Company: Wind River Systems
Price: 35
Recommendation: Buy
Notes: a, b,f
Analyst: Matt Belkin 415-439-3585
Date: 11/18/99
Wind Reports Strong Q3. Raising Revenue Estimates, Price Target to $60.
* Wind reported a strong Q3. Revenues of $44.6 mil easily beat our $41.9 mil estimate.
* Earnings were in line with our 17" expectation as Wind continues to invest in the post-PC opportunity.
* Wind continues to gain momentum in the embedded market, as evidenced by several strategic agreements announced during the quarter including Intel and Lucent, as well as Liberate's announcement that Cable and Wireless will begin to deploy its set-top box technology.
* We continue to believe Wind represents an excellent play on the whole Internet appliance and Internet infrastructure opportunity and expect more agreements of a similar nature in the near future.
* As a true provider of Internet-enablement technology, we believe Wind is capable of achieving a valuation similar to that of its target markets and are raising our price target to $60, or 13x times our new sales estimate of $205 million, up from $190.
he is, as far as you are concerned, just another highly paid dumb analyst who obviously does not know what he is talking about, eh?
Since I think that the market valuation that WINd enjoys today has everything to do with it's strong fundamentals, and you think otherwise, therefore, going forward one of us will obviously be proven wrong. As an unabashed WINd bull, I am willing to make you a wager:
If WINd's stock price does not at least double in the next 6 months, I will send you a case of your favorite wine and if it does, you will send me one instead.
If you are game, then I am willing to listen to your inane diatribes against WINd, but if you are not, then please find yourself another pastime...
Karim |
