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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Robert Jacobs who wrote (35885)	12/2/2000 3:00:54 PM
From: Tom Pulley	Read Replies (1) of 54805

Robert, I for one agree with you 100%. There is no comparison in my mind between what Cree has done and LHSP. I owned LHSP until last summer when huge Korean earnings arose from nowhere while earnings in other countries slacked off or virtually disappeared. I decided to sell, but was waiting for a better price when the Wall Street Journal came out with an article in which a reporter was unable to verify the larger sales to the Korean customers. I was amazed the stock didn't totally crash immediately and I got out at that time (somewhere around $30/share). The vast majority of Cree's sales on the other hand are with reputable companies that the analysts can verify. The investments for the most part are clearly related to improving their product lines and technology. World theator appears to be a good business idea so investing there makes sense in that Cree is helping fund a potentially good business that will use lots LED's if successful. CTHR was similar in that the business had potential and would use Cree products. It didn't work out, but I think many Venture Capital companies strike out on a good percentage of their investments. I see Cree's investment there and with World Theator as Venture Capital in promising companies that will grow the market for Cree products. That makes sense even if they don't all do well. To finish up, comparing Cree to LHSP is absurd and makes me question the ethics or at least the brains of Herb Greenberg. I think it also very suspicious or coincidental that he is "piling on" at this point in time when the market is so weak. In any event, Cree looks like a great bargain to me on a long term basis while LHSP last summer was clearly very risky. Tom

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