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Technology Stocks : SILICON STORAGE SSTI Flash Mem

SSTI 6.300

+2.4%

12:59 PM EST

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To: Zeev Hed who wrote (1758)	7/22/2001 1:07:25 PM
From: limtex	Read Replies (1) of 1881

Zeev - Well you said bottom around this time if I recall correctly. Problem as I see it now is that looks pretty clear that the recession in Europe is just starting and the reduction in expeorts i beginning to hit them hard. That is what happened in 1929-32. Looks like we are getting a re-run. I see KG posts that he lost confidence in the management. My guess is that in comon with many managements they have no ideea what is about to hit them. I figure that many still beleive that there is going to be a recovery in the near future or maybe even in 2H 02. Seems pretty clear now tha tthe chances of any recovery at all are diminshing by the day and that if anything we are about to go into the next down-leg. How many companies have you seen that if there is no pick-up in business in the next year they will start to run out of cash. Thats why you have so many managements preparing their companies for survival by conserving cash. There is no market to borrow from if you run out so what cash you have or can generate is what you have when it runs out the company is history. Cap Ex is over...dead and buried in this environment. Mr G is hopefully getting somehwere near to releasing the brakes off the economy and that might just might stop the downward slide but if he keeps the brakes on as he now is then the only direction is down. BTW I wonder how the surplus is going to work out as corporate profits evaporate and layoffs mount? If you were a corporate planner what would you do now? Would you risk your cash on the hopes of a recovery all sogns of which have proved to be mirages or would you cut back everything in sight in order to preserve cash (and your job)?. Best regards, L

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