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Technology Stocks : DSP Group: an incredible bargain?

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To: Lutz Moeller who wrote (1052)3/9/2000 7:42:00 AM
From: Lutz Moeller   of 1055
 
Voice recognition needs digital Signalprocessors. Good for DSPG.

Trader's Edge - The Next Big Thing

08-Mar-00 08:32 ET [BRIEFING.COM - Damon Southward] Where do you want to go today? Impressive price action in sector stocks suggests that investors are ready to hustle into the wireless age. It hasn't taken long for frenzied buying in this group to drive the stocks to nosebleed multiples, quickly pricing the issues out of the reach of everyone but the chart chasers. With real estate in this sector now going for as much as 1100 times trailing sales, only natural that the process of gentrification has begun.

Investors have been trickling into some of the seedier stocks of the wireless market, betting that rising prices in the top names will benefit the entire group. So far, the strategy has paid off, as everything from beaten down wireless equipment test stocks to cash-strapped paging companies have seen their shares triple over the past quarter. Another sub-sector that has begun to participate in the wireless revolution is Voice Recognition. One name that jumps out from a price action/volume perspective is General Magic (GMGC).

continued www2.briefing.com
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