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Technology Stocks : Semi Equipment-Sell when they're singing in the streets
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To: Logain Ablar who wrote (197)6/6/2000 3:30:00 PM
From: Ian@SI  Read Replies (2) of 276
 
Tim,

We are probably in agreement.

i.e. If a small company takes a large revenue hit relative to expectations, then its stock price will suffer. ETEC was a classic example; and its problems had nothing whatsoever to do with the issue of acceptance. Now that its part of AMAT, similar fluctuations in sales are completely irrelevant and wouldn't come anywhere close to affecting AMAT's price.

My point is that, generally, for most companies that I would invest in, the particular proposed restriction in GAAP is not relevant after the one time conversion has been done.

And the conversion, being a onetime event, is also not relevant. IMO.

Further, I'd focus on buying good companies at attractive prices; and not worry about esoteric accounting changes that apply to the entire industry.

However, differing opinions are essential to the smooth operation of a market. It wouldn't do to have everyone wanting to buy the same stock that I want to buy at the same time. ;^)

Ian.
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