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Technology Stocks : Equinox Systems (EQNX)

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To: Woggle who wrote (674)1/27/1999 4:49:00 PM
From: darrell cannady  Read Replies (1) of 765
 
Expectations from an amateur.
1. Short term: The general market is overbought. Equinox will drift down with the market over the next several weeks to around the $11 level.
2. Intermediate term: From the 1/25 press release "We recently began delivering our SuperSerial product line to our newest private-label OEM customer, a major world-wide server vendor. Future press releases will discuss details of this new relationship as it progresses."
The "future press releases" should identity the new OEM customer and hopefully revenue projections for the deal. I feel like we should be
around the $14 level by summer.
3. Long term: This is why I bought two years ago at $9 pre-split.
(a) Well managed
(b) Solid fundamentals
(c) Emerging leader
(d) Fast growing industry
(e) Focused niche
My long term objective have been met with EQNX (40% average annual share price appreciation), and I will not sell until the dynamics change or the share price becomes extremely overvalued.
I believe international sales will be the driving force behind EQNX growth in the coming years.
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