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Technology Stocks : Power Integrations (POWI) -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (418)	5/11/2000 11:36:00 PM
From: Si_Detective	Read Replies (1) \| Respond to of 449

Lifeisgood, I am not here to defend the management, but I thought in its Q4 report, it stated that Q1 rev. will be flat or slightly lower, citing it's a seasonal pattern. They also stated that good percent of their rev is turn business. Investors have plenty of chance to get out at the high after Q4 report, but IMHO, they kept ignoring the fact that Q1 is seasonally slow Q for POWI and hoping this time will be different. I've been following this company for a long time and my impression is this is a honest management trying to build a good company like what Maxim and Linear Technology did. I don't think majority of the investors who bought at the high has this feeling of being "betrayed" while Balu only sold 7.6% of his vested shares, Howard sold 14% of his vested shares,... And I bet over 90% of their holdings is under long term cap gain and I guess they should have around 100K shares of unvested shares(both 90% and 100K figures is my guesstimation). I hope you won't feel offended as it's not my intention.

To: lifeisgood who wrote (418)	5/12/2000 7:49:00 AM
From: Pete Mason	Read Replies (1) \| Respond to of 449

>> I think you would be singing a different tune if you were on the buy side of those insider sales. << Maybe I would, but I try not to take such things too personally... ;-) Your point is taken, i.e. that people sell stock not when they think it's going to explode upwards in price, but when they think it's at least already fairly valued. But insiders sell for a variety of reasons, and it is really difficult to demonstrate that they sold because they felt the stock would significantly drop. My feeling is that if that were the reason, they would have sold a lot more than they did. Anyway, we'll see... Long POWI, -- Pete