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.

Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: M. Frank Greiffenstein who wrote (274)	10/17/2000 5:16:57 PM
From: Keith Monahan	Respond to of 24758

So much for a rally in wireless. From the RFMD earnings release: RF Micro Devices experienced lower than expected order activity in the September quarter, which it anticipates will negatively impact revenues in the December quarter. This level of order activity is believed to be largely the result of three factors. First, as has been announced by some of the largest handset manufacturers, an overly optimistic forecast earlier in the year for the growth of the market has led to excess inventories of handsets. This has reduced component demand while these inventories are being reduced. Second, introduction delays for some next-generation, highly complex handsets have also delayed component demand. And third, the Company experienced a delay in the introduction of a next-generation product that it believes will begin shipping in high volume in the March 2001 quarter. As a result of these factors, the Company currently expects revenues for the December quarter to be down sequentially approximately twenty percent, which would result in diluted earnings per share in the range of approximately $0.04 to $0.05.

To: M. Frank Greiffenstein who wrote (274)	10/17/2000 10:58:13 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

Two years this guy Keith Hankin told me how wrong I was for panning DSL. He said TXN bought Avici to develop DSL, so therefore since TXN is mighty, powerful, and smart, and you are nothing, you are wrong. At that time Hankin was a software engineer for NSCP. I told him that he shouldn't be concerning himself with what he didn't know, but he should be looking for a job, because I knew the fraud owners would screw up. How could they succeed by whining to the government? When AOL bought them Hankin disappeared. I've been panning wireless for a long time. There are niche markets where it's an ok business, but that's it. There is a clown on the ATHM thread who is upset with me because I told him that wireless was a fraud. Wall Street promptly ran the stocks up the speculative flag pole based on all sorts of imaginary nonsense. Now they are discovering they're holding busts. They say the stock market is a discounting mechanism. That's Ron Insana's great discovery. He thinks the market looks forward and sees the truth. His view is worth a lot of money because he wrote a book and he is important. The problem with claiming the stock market is a discounting mechanism is you'll never know what the stock market is discounting and so you can't conclude that it is a discounting mechanism. You can't even conclude that it isn't. You can't conclude anything. It's all more word drivel cooked up by people who will never understand this business, but find it easy to understand unicorns. The term "discount" is not appropriately applied to the stock market. To a great extent that is true in the bond market too because secular forces overwhelm actuarial ones.