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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (614)	8/27/2000 1:35:55 AM
From: Bruce Brown	Read Replies (1) \| Respond to of 788

freeus wrote: That's the statement of the day. Isn't the entire debaucle due not only to fraudulent news but also to this crazy day-trading and short term framework that a lot of us have? (I didn't have any emlx and still don't). If we really have researched our investments, perhaps we won't be scared out of them because of one report that we have not yet substantiated. Believe it or not, a lot uf us have chosen not to participate in "this crazy day-trading and short-term framework". You know that I am predicated on research and investment in high technology segments of the market that respond to something that is 'broken' in the high technology market place and needs to be 'fixed'. I know exactly where Emulex fits into the picture of that process and it's why some shares reside in the portion of my portfolio delegated to 'fixing' the 'broken' problem along with others dedicated to the same goal in the space. Is the guy who perpetuated this fraud any worse than the Chinese/Koreans with their "we'll make the contract we'll break the contract" multi-reports on Qcom? In the end it's buyer beware and take responsibility for yourself. For me, it's hard to equate the two individual events outside of the reaction to the events. A bogus company press release report of claiming accounting problems causing restating the past couple of years numbers as well as it leading to the CEO resigning deals with "what's been". The Qualcomm series was more related to future "what could or couldn't be" in regards to contracts and deals. Obviously, the buyer beware scenario is true when it comes to investing. However, we make intelligent decisions to invest in a company for the longer haul. I certainly wouldn't want to get in the habit of having to think about planning strategies of what to do if bogus press releases or a hoax laced with fraud cause short term panic buttons to be pushed. If that became the norm, why invest? Although I would like to put the blame on the parties involved and have them ring the opening and closing NYSE bell for 30 years using two distinct body parts that are not known for their percussive attributes - I have to agree with you that we do indeed have to take responsibility for ourselves. What did I do when I heard the news? I took the kids to the park and out for dinner. Came back home and saw that things had be ironed out to a satisfactory degree. BB