Jeff, Would you be a buyer of COMS or CSCO at these levels? I'd be interested in
your comments! Do you have a target entry point on COMS, CSCO, and/or
ASND?
Thanks in advance,
Asnd is the only one that has a good entry point. 32 is excellent. I would own all 3 however...Where you enter is the key to making money. So, If I can't buy it at the optimum time I don't do it. You didn't mention BAY...what a buy at 20!....missed that
I'm about to buy CYMI. And Rambus between 40-50
other stocks of interest: WSTL,AMTX,XYLN I'm really sad I didn't jump on QWST when I had the chance at 33
JJ....looks like a slow day for ASND.
EDIT: I just saw this...timing is everything?
Amati Communications (AMTX) 19 1/4 +9/16: Westell (WSTL 22 1/4 +1/16)
announces deal to acquire company for $394 mln. AMTX shareholders will receive
0.9 WSTL shares, which values deal at about $20 a share. WSTL sees deal
accretive in 4th qtr of FY98. (
and this:
Cymer Inc (CYMI) 28 1/4 +7/8: DLJ initiates coverage of recently struggling
chip-equipment maker with a "buy" rating and a 12-month target of $33 a share. This
is one you want to keep an eye on. Stk has gotten light extremely quickly. If
company can come through with decent earnings this qtr, there is very strong upside
potential for the 2-3 months to follow...This seems alittle week to me?I think 45 maybe in 12 mos.
Finally from Briefing.com:
While Ascend Communications held up better than Western Digital, that's not saying
much... One reason ASND didn't fall as far is that the street expected the networking
company to report weak figures... However, the extent to which the company expects to
miss the street estimate surprised a number of analysts - ourselves included... But with its
production difficulties largely behind it, look for revenue growth to reaccelerate in the
quarters to come... Nevertheless, lingering earnings fears and tax considerations should
keep the stock from staging a material recovery over the next few months... 6- to
12-months out, however, Briefing expects the stock to be retesting the 45-50 area. |
