Sector-I agree that Bruce shouldn't be embarrassed. With Noam's accent and dodging of questions in addition to the complications of write-offs, restatement of prior quarters,discontinued lines of business, investment in start-ups, allocation of R & D, introduction of new products, construction of new fab, integration of sales force, new support software,margins under severe pressure,confidence about the future,uncertain ramp of new products, etc.....what's not to understand?
I thought that Gruntal's write-up/recommendation after the cc showed a good understanding given all the circumstances. I don't argue with the Hold recommendation short-term and the range of 6-12 is reflective of the co.'s prospects looking forward. It was also encouraging to me that Gruntal is projecting 2000 eps of .50 based on revenues of 300m. That is a conservative projection on revenues, don't you think? As we should do about 290m this year, and over 400m is possible in 2000 with some success in ramp of new products.
I'm looking forward to your analysis of the cc. TIA
Best regards,
Mike |
