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Technology Stocks : Genesis Microchip (GNSS)
GNSS 2.380-0.8%Nov 7 9:30 AM EST
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To: geoffrey Wren who wrote (987)4/4/2002 5:21:28 PM
From: The Ox  Read Replies (2) of 1277
 
1. New competition?
2. Inefficiency in merging with SAGI or moving to the US or inefficiency in general?
3. Drop in projections for sales of GNSS type chips?
4. Momentum short selling?
5. Suspicion of accounting oddities?

1) Yes, there is increasing competition in this space.
2) Few mergers create strong efficiencies right away. It will take time and effort (and often $) to complete the integration of these 2 businesses.
3+4) There are analysts who are currently bad rapping the company who are pounding the table about how GNSS/SAGI are losing pricing power and how this segment won't be as strong as many expect
5) I haven't read or heard of any suspected accting irregularities - but that doesn't mean that rumors are not circulating.

The run up was excessive and therefore the fall seems dramatic. My perspective is that the new company will have some growing/merger pains over the next 3 or 4 quarters. From an investor's point of view, no big deal. All of this should be expected. If one had an investment in GNSS and didn't take advantage of the monumental run up, well, what can anyone say?

From the trader's perspective, the above are major issues which will have an effect on the trend. The stock went from 10 to 70 back to 20. Certainly, this one is a friend of the momentum crowd. With the current trend going down, one should expect the sell off to be just as dramatic as the run up was.

I'll need additional guidance from the company before I consider rebuilding my position at current prices. I'm inclined to add the stock back to the portfolio in the mid to low teens at the moment, fwiw.
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