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Data Storage Firm Offers High-Risk, High-Return (TRCD)
Demand for data storage products is huge and growing; Cahners
predicts the market for storage products will hit $10 billion
by 2004. Why? Corporations want ever faster and easier access
to ever larger amounts of data. And clustered computing at the
server makes it possible to enable faster and more reliable
access to seemingly infinite amounts of networked storage.
To capitalize, small-cap advisor Richard Geist recommends
investing in Tricord (TRCD - $15.00), whose technology
promises to ease the cost of buying storage and managing it
efficiently. Tricord's Storage Management Software (TSMS)
enables all computers on a network to share data as a single
pool regardless of the number of disks, storage systems, or
storage controllers. This is a big improvement since today all
storage systems are, in effect, separate entities that do not
share capacity and require costly independent management.
"Tricord is still a concept stock," Geist says. The as-yet
profitless firm is still in the development stage, but Geist
predicts "huge upside" if its TSMS makes it into the
mainstream. He adds that one of Tricord's biggest assets is
its management team, which includes former Compaq CEO Rod
Canion. Management has invested heavily in Tricord and now
owns 30.2% of its stock." This is one of the few stocks we
follow that has gone up in the most recent downturn," Geist
says. "We suggest you take an initial position and buy on any
pullbacks not based on negative news."
For more on Richard Geist's advice see "Highlighted Stocks,"
June 2000, Richard Geist's Strategic Investing. Richard Geist
integrates psychological aspects of investing into a
methodology for selecting small company stocks."
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