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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (2359)	10/22/2000 11:25:31 AM
From: Dale Baker	Respond to of 19633

STEC - I am not very strong on analyzing pure chip plays, especially where DRAM is concerned. The wide range of products they make will make STEC harder to differentiate from all the other chipmakers out there. I hold CATS in the flash area; I look forward to hearing your report from the STEC CC on Wednesday.

To: Tom Hua who wrote (2359)	10/22/2000 12:38:56 PM
From: stiltz1	Read Replies (1) \| Respond to of 19633

To the thread: Tom has done xtraordinary work; i was somewhat skeptical on mwav and exited too early; but its subsequent course had made me a true believer. i also have followed tom over the years; and his picks and his honesty have been extraordinary. FD : I have taken a substantial position in STEC and ICGE. Stiltz1

To: Tom Hua who wrote (2359)	10/22/2000 1:18:02 PM
From: lifeisgood	Read Replies (1) \| Respond to of 19633

Tom, FWIW, STEC is in a very cyclical market (the cycle currently appears to be headed down). They have high debt and little cash. Price/Book is high but comparable to others in their industry. IMO, these types of stocks can be explosive in the right environment. I'm not sure the current environment is conducive to much excitement in that area. If I had to guess, I would predict that STEC price and investor enthusiasm tracks the SOX fairly closely looking forward. Going public at the end of September likely hurt the stock. If you have Charting software that lets you do comparisons, do one for the SOX and STEC (I did but can't forward the chart). They are almost perfectly correlated. STEC went public when the SOX was ~900. Had they IPO'd say in March or June when the SOX was ramping, STEC could easily have been in the 30's or 40's IMO. The current environment for semiconductors and memory is volatile and I have no positions in any of them. Good luck on your position. best... LIG