Emcore Corporation (EMKR) Message Board

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Non-Tech : Emcore Corporation (EMKR)

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To: Lou Weed who wrote (423)	3/26/2008 1:18:49 PM
From: The Ox	Read Replies (2) of 640

Nothing that I've read from Citron would lead me to believe that they could be sued based on their content. They have picked a 'weak' fish and have sent the sharks to prey on EMKR. A bearish point of view. Nothing different then a bullish analyst writing a piece that only highlights the upsides without discussing a potential pitfall or 2. Like I've posted previously, I think their timing was terrific, from the bears point of view. They've selected a company who has failed to generate bottom line money for many years. They've pointed out the negatives and are trying to create uncertainty about the future. This is being done in the quarter BEFORE revenues are expected to ramp up. History shows that EMKR's past numbers stink! So they have a case to make in reiterating the obvious and casting some doubt on what may happen in the future. I'm guessing that they are also counting on EMKR to miss the current quarter's numbers or are guessing that they will be guiding down next quarter. This may very well come to pass. I don't think we'll see Citron go away any time soon. They don't appear to be the kind of outfit that would do this for the short term. My guess is they'll be around until there is substantially positive news that they can't spin negatively. I would suggest that EMKR shouldn't "go after them" as you state. Quite the opposite. EMKR better concentrate on their business and let these situation work themselves out over time. Who knows? Maybe EMKR needs to go to the market place for financing and Citron is being used by the investment banking industry to keep the price down, so the bankers or buyers get to pay less and dilute current shareholders even more? It wouldn't surprise me one bit that this is why we are seeing EMKR selected as the punching bag at this point in time. If business is going to ramp up exponentially, then they may need to go get more financing. What better time for a bear raid? Get more shares cheaply and no one can prove that this 'shark attack' was done for this reason!! It will be interesting to see how this plays out but I doubt there will be a quick resolution. jmo TO

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