Smart Modular - diamond in the rough? Message Board

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Technology Stocks : Smart Modular - diamond in the rough?

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To: Jeff Jordan who wrote (1368)	5/21/1998 8:37:00 PM
From: Adam Nash	Read Replies (1) of 2020

I still maintain that at this point, the damage is really done. As a SMOD holder, you have to believe that Q3 will be a big dip (industry-wide) and that growth will resume. (After all .19 to .26 Q-to-Q is pretty aggressive, really) However, 1999 is a long ways away. You have to think that 3 months from now, people will be starting to wonder about 1999. If we think the problems are short term, then don't sweat. 3-6 months people will price that in and SMOD will do very well. If you think 1999 is going to be worse than 1998, then you should get out now. I'm inclined to hold - I think the damage has been done. We will see, the stock may tank to mid teens, but I expect it to come back to 20ish barring a market trauma soon. Setting .19 for next quarter might be just setting a low bar to clear. I guarantee you that if they were dumb enough to pre-announce bad earnings and then they miss those, I will sell. This is all contrary to the word-of-mouth I am getting from sales who say revenue is looking better. I heard talk of $900 mil. for the year!

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