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Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?

To: Joe Veres who wrote (415)	9/29/1999 5:11:00 PM
From: Danny Chan	Read Replies (1) \| Respond to of 1277

Joe. I think the bad news are out for now. The management has apparently communicated with the analyst on the next 2 quarters. The new estimate should be slightly on the conservative side. As a long term investor, I think it would be a good chance to add some here. I have been waiting this kind of day for a while and I did add some today.

To: Joe Veres who wrote (415)	9/29/1999 6:05:00 PM
From: David Perfette	Read Replies (1) \| Respond to of 1277

I think it started with Herb Greenberg's article, siting a Solie analyst's concerns that competition would cause revenue's to miss his number. As for your concern that there must be more to the story..., Not necessarily so. From my experience, these small high flyers are prone to this kind of movement. I was recently an owner in Xircom when it began a plunge for no apparent reason. People were expressing the same concerns as you, that there must be something going on. Ultimately there wasn't. When the silly selling stopped and the company reported stellar the earnings the stock ramped to a new high doubling off it's recent low. All this occured within about a 5 mo. time frame. I think momentum and fear are going to effect the stock until earnings are reported and we get a better picture of the future. -David P.