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


To: JustMy2Cents who wrote (449)10/21/1999 2:09:00 PM
From: unclewest  Read Replies (1) | Respond to of 1277
 
i just posted this at yahoo...

textbook buy<<<<<

i agree...just loaded my truck.

gnss had top line growth of 145%...bottom line growth of over 600%.

from the earnings report....
"Diluted earnings per share for the quarter was $0.20, up from the $0.03 recorded in the August 1998 quarter. In the quarter ended June 1999, the company reported diluted earnings per share of $0.06, which reflected merger-related charges."

on an annualized basis 4x$.20 = $.80 = PE of 21 for a company that grew earnings 600% last quarter.
anyone expect the world to stop buying flat panel screens soon?
hell samsung is finishing a brand new factory to churn them out.
:o)
forget about 21 this is a $100 stock.
unclewest