Damon you make an astute observation. I personally see ESST overtaking CUBE as a market leader by the END of summer 1997. However, my question to all is that with downgrades in earnings/revenue projections, lost market share, and a leader who can't perform simple algebra, where is the stock going? Some people say that P/E already incorporates revised growth. That's not true because learned people on this thread were denying (and still do) the revised growth observation. We've seen this scenario played out many times with MU, IOM, OAKT, CRUS, Silicon Semiconductor...I think it is more likely that Japanese investors will pull out of the paper, in which case say bye, bye bull market. Money is better spent on SPX puts (irrational exuberence?).
Regards,
Shalin |
