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Technology Stocks : TranSwitch Corp: Will they get Zenith Business?
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To: tejek who wrote (649)10/1/2002 5:04:27 PM
From: The Ox  Read Replies (1) of 669
 
I don't know whether its because their prospects are so bad or because the other companies don't see any improvement any time soon and are afraid to squander their capital waiting for the turn.


Hi t,
All the companies you mentioned have plenty of cash to keep them afloat at this point but they are still spending too much on R+D if the prospects are as bad as the market is indicating. This is why I consider them to be stubborn as a mule. As we all know, hope doesn't get the job done. Hoping that your company will be able to last out the downturn is an equation for disaster in the stock market. Take a look at how much money TXCC has invested in R+D over the last 6 quarters and then compare that to the revenue generated over the last 5 quarters. It's really turned into a sorry joke for TXCC. At least VTSS, PMCS and AMCC have revenue streams 10 times that of TXCC. I'm not sure what CNXT's revenue stream will look like since they spun off the SWKS side of the business. I still say TXCC should take themselves private or buy back as much of the stock at the current price as they can. At 34 cents per share, they could easily buyback their stock and still have plenty of cash to survive the next few years. When I look at the numbers, they just don't make any sense at all, which is why I say they are stubborn jackasses to treat their shareholders this way. Inexcusable. Totally inexcusable. Not to mention that I called their IR and never got a return call, which also shows how much concern they have for the individual investor.
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