Jeff,
I agreed that you should never chase a stock, any stock.
I know Raphie well enough to realize that he would not talk about something in the 10-Q, unless it was a done deal. Yes I say Raphie, because he is still controlling the major decisions. Do you remember Raphie's comment on the Q1 conference call, when he said "in the not too distant future xicor will have margins that any company would be proud of"? You see he knew damn well, at that time, that margins were going to increase significantly. But he had Bruce on the Q2 call give the guidance of only a slight increase in margins. You see he likes to play these little games and that is why wall street hates him.
I am operating under the assumption that the fab write-off in Q4 1999, is a done deal and also that the sales and margins are going to increase faster than anyone expects. That being the case, Q1 2000 could easily produce untaxed eps of $0.20+
Is any of this discounted in the stock price - hell no. The street has so little confidence in Raphie that it isn't willing to discount anything. Quite frankly, the next best thing for us shareholders would be for Raphie to remove himself completely from the company operations and let Bruce establish his own relationships with the street.
The stock is going much higher. Any weakness should be bought.
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