Genesis Microchip (GNSS) Message Board

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Technology Stocks : Genesis Microchip (GNSS)

GNSS 2.210

+1.4%

Nov 28 9:30 AM EST

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To: Glenn Petersen who wrote (272)	3/18/1999 9:33:00 PM
From: The Ox	Read Replies (1) of 1277

Even with at 35% tax rate, if the company shows sequential growth in the range of 35% per quarter the stock deserves a much higher PE then 60, in my opinion. Keep in mind the company expects margins to improve going forward. Another stock I follow has shown sequential growth in the 10 to 15% range and the stock trades at about a 60 PE, FWIW. While I understand people voicing concerns about the quick appreciation in the stock price, that should not be a limiting factor if the company produces the numbers. I see today as sell-the-news, nothing more. Have any analysts come out with comments?

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