Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Rockwell-Spins off Conexant (CNXT) -- Ignore unavailable to you. Want to Upgrade?

To: Lou D who wrote (746)	3/2/2000 7:31:00 PM
From: billmag	Read Replies (1) \| Respond to of 2013

This was my thinking as well. I have been waiting for a good entry point in to CNXT and I took advantage of the RFMD news and the downgrade; I bought shares at 97 and a July 90 call that day. (It was a double bonus for me; I hold RFMD already). I bought another call, July 70 when the stock was at 82 today. It closed at 78. CNXT is now trading below the 50-day moving average I believe. Go CNXT. Best Regards, - Bill

To: Lou D who wrote (746)	3/2/2000 7:36:00 PM
From: gpowell	Read Replies (1) \| Respond to of 2013

This bubble in the stock price started when CNXT was added to the sp500, while also garnering attention from Gilder. Neither of these events will do anything for the long-term prospects of the company. Therefore, the price is coming back down to expectations. I'm not convinced that the story is getting better. At the last conference call CNXT announced that sequential revenues would be dropping about 5% - long term this is probably inconsequential. Nevertheless, perhaps the latest spike up has convinced otherwise long-term holders to sell into the run-up, taking profits, and then hoping to buy back cheaper, later.