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Technology Stocks : from flshf to flsh
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To: burt l seifman who wrote (2)5/2/1999 8:29:00 AM
From: Arik T.G.  Read Replies (1) of 18
 
Hello, Burt.

Although I have no holdings in FLSH, I listened to the replay of the conference call for Q1 results.
Dov and Chuck were extremely optimistic, even more then their usual selves. Here are what I believe were the more interesting points. I used quotation marks for actual quotations.

- The company expects a "significant revenue growth" in Q2 and "feel very good" about it. Their backlog is growing (book to bill ratio "much higher then 1").
- DOC-M was "recieved extremely well" by the market. The company expects selling tens of thousands DOC-Ms in Q2 and hundreds of thousands by year end. Toshiba is expected to start selling DOC-M in Q3 with "serious selling" in 2000. DOC-M is an amazing product, yadda, yadda.
- The company won some telecom design wins they are very pleased about.
- The company is looking to raise more capital by another secondary in 2000 and / or a private placement to a strategic partner.

Well, all this didn't help the stock much, maybe because the company said it is willing to sacrifice (again!) the bottom line in '99 for market share.

IMO DOC-M IS an amazing product, yadda, yadda. It could do wonders to the bottom line starting as early as Q3.
I think I will be buying FLSH after Q2 results come out.

ATG
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