Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (37019)	11/20/1998 1:37:00 PM
From: Merritt	Read Replies (1) of 132070

MB: You're right, they're no Wintel...but they are a large presence in the semi-equip sector and have a pretty diversified product line. They did misjudge the semi cycle pretty badly, though. Last July, when they announced plans to invest $430mm to upgrade their Santa Clara facility, the CEO said, "These investments will support a revenue level of at least $10 billion." Bold words at the time...but with shrinking revenues, they have a hollow ring now. I think they'll do all right in the future, and I'll probably buy some when the stock price gets in the teens...but right now, I'm seriously considering some Jan puts. Any thoughts on strikes and expirations? TIA, Merritt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next