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Technology Stocks : Meade Instruments Corp MEAD -- Ignore unavailable to you. Want to Upgrade?

To: jlib who wrote (57)	3/23/2000 10:29:00 PM
From: RocketMan	Respond to of 175

The increase in dark fiber has certainly diminished the necessity for a free space laser solution, but IMO it is still going to be much more expensive to either dig up streets or pay retroactively for streets that have been dug up to lay that dark fiber. However, given the need for direct line of sight and the obstruction issues, I tend to agree that this may be a niche solution, although perhaps a very profitable one. Since any significant revenue from supplying lenses to Terabeam is months or years away I think few would be willing to hold this stock at these stratospheric levels if they were recent buyers (i.e., today) with both the technical and historical likelihood of a strong pullback. There appears to be a difference of opinion on the underlying value of this company. Although I had assumed that the current levels represent only momentum from the terabeam deal, perhaps it has been undervalued in its core business and the terabeam deal is only bringing that out. Take a look at the following post, for example: Message 13267383 I really would like to know because the chart has "short me" written all over it, especially since the company has basically said today the increase is just a speculative frenzy. Well, that's what I thought about RMBS also :-) Actually, this may be a good straddle play.

To: jlib who wrote (57)	3/23/2000 11:48:00 PM
From: moat	Respond to of 175

Jimmy, Could you post the entire Meade item from Dow Jones here? Most of us don't have access to Dow Jones wires directly, and it's not on Yahoo or others sites I checked. <<The comment from the company on Dow Jones News today concerning their current roadshow was as follows: Mark Peterson, vice president and general counsel at Meade, said ...>>

To: jlib who wrote (57)	3/24/2000 12:39:00 AM
From: jbe	Respond to of 175

What "stratospheric level," Jimmy? A p.e. of 42 is hardly "stratospheric" in today's technology sector, particularly considering that Mead right now is in the hottest industry of all the sectors: scientific instruments. Believe it or not, but Telescan ranks the industry in the 99th percentile, in terms of stock performance, over a six-month period. - And, stacked against other companies in its industry, MEAD still looks very good -- superior on almost every parameter. Take a look at this MarketGuide ratio comparison for MEAD. Just bear in mind that MEAD's valuation ratios have doubled in the last week -- and that the industry valuation levels have gone up as well. Otherwise, the data is up-to-date. marketguide.com I recently bought a small stake in MEAD, and similar small stakes in three other companies in the industry, as a sort of industry play. I thought I'd just let them run, see who ran the fastest, keep that one perhaps, and then sell the rest to pay my dental bills. <g> My purchase had nothing to do with TeraBeam. I just saw a great opportunity to profit from a bunch of neat companies, still relatively undervalued, in a hot field. MEAD just happened to be one of them. Frankly, I rather regret the TeraBeam run-up. Many folks may be buying MEAD as a "momentum play," as you put it, and are likely to drop it just as quickly as they latched on to it. They will not appreciate the company's intrinsic virtues, as it were. If this kind of momentum keeps up, I will of course have to sell MEAD in a few days, before the price comes crashing down. (That is, if I really want to pay off the dentist.) A pity. jbe

To: jlib who wrote (57)	3/24/2000 9:23:00 AM
From: DOUG H	Respond to of 175

.<< I am curious if any others here who follows Meade bought it in the last two days as anything more than a momentum play?>> The action in this stock began before the announcement.