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


To: Clean who wrote (430)10/8/1999 6:36:00 PM
From: Danny Chan  Read Replies (2) | Respond to of 1277
 
SIMG did well. But it's just a typical IPO performance. In the long term, I don't think it justifies the valuation contrast with GNSS at this point.

Yes, GNSS held quite well in the semi sell off. But I think the sell off is just another profit taking triggered by some event. All these companies had tremendous runup and are in very rich valuation and I'm not surprised that GNSS and MMCN (the relative cheap one in communication IC) held well.