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Technology Stocks : Xicor ? -- Ignore unavailable to you. Want to Upgrade?

To: steve olivier who wrote (2239)	7/3/1999 1:07:00 PM
From: Ram Seetharaman	Respond to of 2920

The continued above average volume and price above both the 50 day and 2000 day moving average, and the Valueline's repeated timely rating bode well for XICO. As long as the earnings report is not too shabby - IMHO we should see it rising further. Look at ISSI - suddenly started taking off!

To: steve olivier who wrote (2239)	7/3/1999 1:35:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 2920

No, I do not agree. Following is something I sent this morning to someone who knows the situation better than I do: I would not hold my breath on good Q2 results!!! Sale opportunity just before earnings?? The 10Q was released a good part into the quarter when business for the quarter was almost completely known -- either done or in backlog/wafer starts, or whatever are the correct terms. They were not encouraging about the quarter. I really think we are being set up for a "the stock has zoomed so something great is going to be announced" plunge when it is merely more steady progress toward better times. I see the quoted attitude absolutely everywhere I look. ....................... I also think the chances of actual earnings in Q4 are slim. They projected cash flow neutral in Q4 as well as flat sales this year (at the annual meeting). That original projection for Q4 should have taken into account the effect of lower cost Yamaha production on Q4. In Q1, depreciation charges were $3.3 million. Therefore, I conclude that they would need to beat sales estimates for Q4 by nearly $10 million to get from cash flow neutral to earnings positive -- something that won't happen on $.35 chips (recent DCP announcement). Next year is to far away to have a firm view on before Q2 results, although I still think the $.50 estimated in my Post 2218 for 2000 is reasonable. (That model would give over $1 in 2001.) .................... On one of those days when the stock got up to near $4 again there was a 100,000 sell interest in the morning and a 100,000 buy interest later. I do not remember the others, but do that one because I remember wondering if you would be selling a little.