Jack,
I did not see my name on your list, but I have not bailed. I still have my core ASND. Like Hitesh, I think there are plays with more upside, like I have reported here before about RDRT. RDRT just announced today the Maxtor 3.4 qualification was awarded to them and RDRT is ramping up production. So their rise from $9 per share is likely to have a greater return then ASND's. RDRT is very near book value at its current level. That is rare for a tech company. Especially one that has taken head R&D people from IBM, Seagate and Kodak.
But on the other hand, I will hold ASND because it too has a good future. We are just beginning the IP vs. voice migration. ASND and NN and their related ATM products should do well. ASND may well have an upside surprise in its second half performance, which has been hinted at by the analyst in their reports for months. ATM sales are hot and the direct hook up of fiber is significant. Bernie did mention it months ago, I just did not understand how significant it was. Further, Mory, at the H&Q conference, had stated that the company's strategy was to work with many DWDM vendors so that ASND could offer a variety of solutions (clearly WMB was in is thinking at the time). And NN's addition of Alan Lutz, who came from CPQ is likely to have a similar effect on NN as Micheal Ashby joining ASND last fall. So NN's potential from these levels could be greater than ASND.
Last I heard djane was on vacation in Europe, and Pat Mudge I know is a live and well in NN and other threads seeking the true growth in the expansion of the communication space. As for the rest of the group, maybe this one (ASND) does not need the watching it was getting before. The company has matured in the last several Q's, and many of us are in the black and looking for the next gold mine to work, or hole to get out of as ASND had given to many of us.
Frankly, for me RDRT has required, or at least been given a lot of baby sitting until this latest qualification announcment. I bought early and got into a hole, but it is working out now, and I can see light pretty easily from here.
As was the case with ASND, I immediately became an IR pain and got information directly from IR and CFO to the thread. I now am expecting a pop to around $13 to $15 in the near term (but that is totally just my guess). With that I will buy more ASND or related companies on weakness, or assess whether RDRT can return to the upper $20's. And if it does I will be happy. And if ASND rises to $80 by year end, that too will cause a smile.
Best of luck to all of us, what ever stocks we are playing with,
(-8 Dennis 8-) |
