Genesis Microchip (GNSS) Message Board

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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: Larry S. who wrote (990)	4/5/2002 10:27:02 AM
From: The Ox	of 1277

Thanks for the DJ take on recent events. I've been using a 20 PE for my model stock price "fair value" based on forward estimates. The 25% hair cut by H & A drops the model fair value to $20 (20 x $1.00) from $27 (20 x $1.35). Up until now, I have been using $1.40 in my models. With a "price war" being tossed about by analysts, I will wait for the company to give us a better glimpse at their view of the future before I feel comfortable restarting my position. Those of you who think that this is being over blown by the media should strongly consider buying at this level. I'll take the wait and see approach for now. Anyone else have an opinion on these downgrades?

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