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Technology Stocks : IFMX - Investment Discussion

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To: Guru Gus who wrote (13847)1/27/2000 11:53:00 AM
From: Fred Levine  Read Replies (1) of 14631
 
Guru-- I, too, am a VLT holder of IFMX, and watched the same turbulence that you did. I'm still in the red, but obviously much less than a couple of years ago.

What is encouraging to me is the solvency of the company. Their technology has always been good, perhaps too far ahead of itself with datablades, but the management has been turned around by both Finocchio and Dex. I remember when Larry Ellison declared IFMX dead after the calamatous losses. I think this slowed sales because of the fear of loss of support if the company went down. Now, success should breed success and I am quite confident that this stock will be well in the 20's this year. We should see a round of increased attention by analysts, increased earning projections, and then increased ratings.

I always sleep well, but I now will rest better.

fred
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