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Technology Stocks : Foundry Networks, Inc. FDRY

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To: Goldbug Guru who wrote (600)12/12/1999 9:13:00 AM
From: otter  Read Replies (1) of 1225
 
I don't have a clue about how high (or how fast). Right now, it's all momentum.

Here is what I think I know: FDRY is a niche player in an exploding market. They have a narrow product line, but it satisfies a major need that is also exploding. Short term, company balance sheet condition will be secondary to this. Longer term, I think that unless the company's intention is to be bought by one of the majors (e.g. LU, NT, CSCO), they are going to need to expand the product line. When that point is reached, their products become commodities, and it's time to blow, no matter what the stock price is. Until then, I'm going to "ride the wave", unless...
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