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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.52

-0.9%

Dec 16 3:59 PM EST

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To: GVTucker who wrote (68598)	8/28/2005 9:17:45 AM
From: Elroy	Read Replies (1) of 77400

The short interest of homebuilders like Toll is higher than the short interest for Google, both on an absolute basis as well as a percentage of the float. Google's short interest is 7.8mm, the float is 173mm. Toll's short interest is 21mm, the float is 117mm. It's like that across the board with the homebuilders. If you shorted them you would join a very crowded position. So Toll has 18% of its float short. OK. That's nothing. My baby OVTI has ~57 million diluted float and ~18 million (~32%)short. They just reported in line results Thursday and guided Oct Q to be a record revenue quarter, and indicated revenues should be even higher in the following Jan Q with likely record EPS. At 32% of the float, it has to be one of the highest short interest stocks on Nasdaq. PE when the shares are at $14.65 is ~11x, and 37% of their market cap is pure cash (w no debt). So if you understand anything about shorting, how in the world does that make sense????

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