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Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: rairden who wrote (2584)	1/16/2000 10:49:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 2754

Chris/Rairden, I guess I should have known, but I didn't realize there were people who have held this stock longer than I!<gg> I bought in June of 96 at $13. Don't ask me why I held it so long because I don't have a good answer. As we all know, one of the biggest problems that management couldn't seem to fix was to staunch the red ink in a timely manner. Most companies get into trouble once in awhile, but they take action to correct the problem(s). The red ink at FSII has been going on for a long time, and incredibly, is projected further into the future as the following table shows. QTR 1998 1999 2000 2001 NOV 0.08 -0.31 -0.43 FEB -0.27 -0.16 -0.14 MAY -0.11 -0.11 -0.04 AUG -0.63 -0.63 0.07 TOTAL -0.93 -1.21 -0.54 0.43 The last 3 quarters for FY 2000 are estimates. FSII is still projecting a quarterly loss for the quarter ending in May. Assuming that is true, that makes 12 straight quarters of losses. Incredible!! Anyway, the stock is probably on an upward trend for a couple of reasons at least. Finally, the quarter ending in August is projecting a profit, and I am beginning to see a lot more articles lately projecting takeovers and mergers. FSII is mentioned many times as a takeover candidate. I don't know if it will continue obviously, but right now, I think it has the strongest chart pattern of any of the 36 stocks I have been reporting on in this thread. Of course, this is a subjective judgement since beauty is in the eye of the beholder!!.<gg>