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Robert, I like Monsanto, though it is a bit on the big side for my
preferences. I like agritech companies like Mycogen, but I don't
think you will ever have the leverage there that you get with a
successful biotech product. Agricultural products simply sell for
too low a price for there to be a big payoff. Matritech I don't know
at all. US Robotics is a stock on which I have owned puts since the
last time it was selling at this price. I have suffered with this
stock, but it has definitely come my way lately and made up for all
the bad times. Plus some.
First, Intel's MMX will
make USRX's most important business, commodity modems, obsolete
within two years. Also, the prices of modems even now are approaching
breakeven levels and there is plenty of competition. Second, USRX
has been bright enough to see this disaster unfolding and has diversified
into networking products in a big way. But there, they will just
become another victim for Cisco. I don't think they will go out of
business, but their margins are under attack from all sides and we
won't see very many good eps reports from them in the future. MB |
