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Technology Stocks : RF Micro Devices (RFMD) -- Ignore unavailable to you. Want to Upgrade?

To: Retire@40 who wrote (1263)	11/10/1999 12:19:00 AM
From: robert duke	Respond to of 4849

I agree the nasdaq has realy been moving up fast. The dow still has some room before a new high. I think the nas may sit a bit. I would not be surprised if this is a run up before the new fab comes online. Once that fab comes online it will generate a lot more revenues that people realize. This plant will allow them to almost take production and x4 with the new fab. So earnings should do just as well. And this new production will sell fast. I would not be surprised to see that fab at maximium in two years and then build another one. So if earnings give us a double again which they could this stock will be another big winner for us. I forsee two splits in the year 2000. Lets get to the first one first. I need this stock to close at 66 dollars a share by the end of the year for me to be at a margin of less than 20%.

To: Retire@40 who wrote (1263)	11/10/1999 12:38:00 AM
From: Warpfactor	Read Replies (3) \| Respond to of 4849

I have never known stock splits to be announced outside of a quarterly or annual meeting. Not saying it does not happen, but I do not recall ever seeing it. If RFMD is going to split, I would not expect it to be announced until the next earnings announcement in Jan2000. RFMD stock price is quite overpriced IMO. I would not buy it here. But, it's in what seems to be the hot sector du jour. We saw what happens to the 'nets last year. This year, QCOM and BRCM seems to have entered the realm of "greater fool theory", is RFMD getting there?? Greater Fool Theory: Last year AMZN, EBAY, AOL and YHOO went up and up and kept going. Many investors who had a concept of value stayed away, other moved in simply because it was going up. They believed they could make a quick $10K and sell out before the inevitable crash occurred. PE had no meaning whatsoever. They believed that a greater fool than they would buy the stock at a higher price. Ultimately, the stocks peaked out after a few days of meteoric rise, some got out with magnificent profits, some held on, yet others, the "greatest fools", actually bought in at the stratospheric highs and faced massive paper losses. If this scenario is playing out this year with BRCM, QCOM, and maybe RFMD, then we should still be in the early innings of the rally. Last year at this time, AMZN stood at 22-ish (post split), it topped out at 90 in late January. EBAY tripled from this date last year to late December, then doubled again by May, then it tanked to its current level. Any comments?? Warren