Seeq Technology Coming Back.... Message Board

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Technology Stocks : Seeq Technology Coming Back....

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To: T Bowl who wrote (694)	8/4/1997 11:19:00 AM
From: Mark	of 2127

Good work ! Infact I've seperately been worrying about how big a target the analyst's number appears. My heart is hoping that Seeq will do it - if so, it should well and truly wake the stock up ! However, my head is telling me that it's unlikely they'll make the numbers, and I think 4 or 5 cents is much more likely. On the face of it, 5 cents wouldn't be too bad - i.e. it fits in with a steady growth picture, which should be deserving of some recognition. However, in the face of an analyst's estimate of 9 cents it might be disappointing, and could drive the price down. A consideration is that the network companies seem to have excess inventory at the moment (it's what seems to have hit a few component suppliers - like Microlinear (MLIN)). If this is true, then it's difficult to see SEEQ having a good quarter..... I guess the bottom line as far as I'm concerned is that anything greater than 4 cents will do - i.e. I'll be happy that SEEQ is undergoing a sustained recovery, which as a long termer is all I'm interested in. Any negative market reaction in the mean time could just be another buying opportunity. Bottom line is that I think you could be right, in which case, this quarter could be another for the shorters.......

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