michael: I was surprised when VIAS broke the 15 level to the downside. I'm even more surprised that it continues to erode.
They have gone the whole cycle from pure product company, to product plus services, back to primarily product, and now hire a WorldWide Services Manager to presumably become a product plus services company (again).
Their latest VP of R&D has very little exposure to the mainframe world where VIAS made their initial rise to the stratosphere, so I expect more PC related stuff to come out of the development side. PC stuff is typically offered at a much lower cost range, so profit margins will be squeezed. Doesn't look good to me for the long term future.
However, they still have a ton of existing good software for mainframe COBOL maintenance programmers. Software that has been tuned for the Y2K problem. They're also reportedly working on, or have available, software for the Euro problem. Short term, to me, VIAS looks very undervalued. I own a ton of stock, so I hope I'm right.
If not, I can always go back to wor ... wor ... sorry, just can't bring myself to say that four letter word. I'd rather stay retired.
Regards,
TED |
