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Technology Stocks : Smart Modular - diamond in the rough?
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To: Tradegod who wrote (1399)5/22/1998 2:01:00 PM
From: Adam Nash  Read Replies (2) of 2020
 
Sorry Kids,

I smell fear. And that's when my greed instinct kicks in. I bought quite a few shares today at 13 15/16.

My logic is simple: I don't think SMOD as a company has fundamentally changed very much. I think the next 2 quarters look weak given the semiconductor market, but like oil, I have no doubt that demand will compensate down the road.

In the meantime, we have a CEO doing the unheard of: preannouncing earnings estimates for the next 2 quarters? I have never heard a CEO say as directly what Ajay said.

Those have to be lowball numbers, ie, Ajay sees low visibility and a lot of weakness. To prevent misperception, disappointment, and lawsuits, he gives a lowball number he's sure they can hit.

Then again, can he be sued for giving lowball numbers that are inaccurate, ie, if they beat earnings (say $0.24 for Q3) would they get sued now?

Bottom Line: $1.09 for 1998 is not bad, given the current sentiment about the semiconductor market. I'm willing to stretch.
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