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

To: steve olivier who wrote (2581)	9/28/1999 12:20:00 PM
From: jeffbas	Respond to of 2920

Agree 100%. In my opinion, most people are still looking in the rear view mirror on Xicor. Lewis' purchase says to look ahead. I see you also share my view that the Dow is going below 10,000. My guess is that the panic "end of the world" selling then will clear the air. (Note, I also sent you a private message on SI.)

To: steve olivier who wrote (2581)	9/28/1999 11:55:00 PM
From: jeffbas	Read Replies (2) \| Respond to of 2920

Steve, patientgambler has taken a crack at a fab writedown charge on YAHOO. However, I am interested in your educated opinion, so I am bringing it up here. At the end of the third quarter Xicor might have a PPE account of $29 million and shareholder equity of $23-4 million. I assume much of the PPE is fab related. I have two questions: To what extent would it be undesirable to knock shareholder equity below zero? I assume quite undesirable, although a fab writedown would probably not take it that far. To what extent would it be tactically undesirable to write the fab down if they have some potential buyers around? In my opinion, the fab will not be written down until 12/31 at the earliest.