I have been listening attentively to the EXDS discussion. I believe yesterday was the first time EXDS has been "declared" a King by anyone, so now I debate:
TRFM, Page 35:
"The key to the tornado from an investor's point of view is the astonishing impact it can have on the relative market share of the vendors competing within it. Typically at the outset, there are a handful of plausible candidates for market leader, all bunched together, each having market share within shouting distance of each other."
It seems that is where we are in the idc market. No one has a proprietary lead in this market. Many of the contendors, besides EXDS, have the capital, the expertise and the management to compete.
" Sooner or later, however, one of these vendors shoots out of the pack, rapidly distancing itself from the others, taking with it the lion's share of the future sales, and an even greater percentage of the future profits of the sector-- forever! "
Of course, this describes the emergence of a Gorilla from the Tornado.
I believe you will agree that the idc market is not a Gorilla Game. It is a royalty game, and we are early in the storm. To declare anyone a King would be a big mistake. To declare several Princes fighting for the throne would define a potential basketful of stocks for holding lightly. |
