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Technology Stocks : CYRIX / NSM
NSM 18.270.0%Jul 31 5:00 PM EST

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To: George Gilder who wrote (32194)5/9/1999 11:25:00 PM
From: Paul Engel  Read Replies (2) of 33344
 
George - re: ". My latest report, just posted at gildertech.com, shows that the National management is about to create huge new wealth"

National's management just pissed away $550 MILLION in their Cyrix purchase, they are writing off another $200 million to EXIT the PC CPU business, they incurred possibly $175 MILLION in Operating LOSSES since they purchased Cyrix, they blew themselves out of the LAN chip business by NOT FOCUSING on their once-dominant position, and now they are also trying to unload a brand new wafer fab - probably incurring another $300 million in losses on that sale.

And you think the clowns running National are "about to create huge new wealth" ?

They JUST DESTROYED OVER A BILLION DOLLARS in ASSETS !

These National Management Clowns can't even tie their own shoe laces and should be tossed out in the street, if not taken to court and sued for complete incompetence.

Paul
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