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 : SILICON STORAGE SSTI Flash Mem -- Ignore unavailable to you. Want to Upgrade?

To: Allegoria who wrote (632)	7/6/2000 10:36:01 AM
From: JRI	Respond to of 1881

this is pretty ridiculous..the SSB analyst is early and trying to make a name for himself....the only interesting point in his "analyst" was the fact that the chip stocks tend to peak one year BEFORE the absolute peak of the cycle... I think, though, given the multi-device scenario going forward...it makes a lot of the comparisons to the "only PC" warped and/or largely irrelevant...Calling a peak for this year (now) seems like total FUD This is a cheap, cheap stock...I suppose we will have to wait until close to earnings to see some significant bounce again (CC)...I sure hope this won't be a dark cloud over SSTI for the year ("the peak is coming...the peak is coming")..even the SSB report hedged, and mentioned that earnings should be stellar for several quarters to come... Last April, Steve Mulonivich of Merrill Lynch came out with a "nuclear winter" report.....claiming that storage companies (like EMC) were going to suffer big because of Y2K...it tanked the stock for a couple months....Of course, Mulonivich was dead wrong.....demand was great for EMC, storage last fall/winter.....no Y2K effect........but given there is no real retribution (when the analyst makes an outlandish, wrong call)....why not be bold? It gets your name out there....Milonovich gets as much press/TV time as ever now....and his reputation has not seemed to suffer...everyone simply forgot.... Hopefully, reality will kick in sooner than later..