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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: Peter Church who wrote (8868)	12/5/2000 6:06:09 PM
From: quidditch	Read Replies (2) \| Respond to of 10309

Peter, I know that wasn't addressed to me, but I'd like to respond. During the November carnage in the Naz, WIND held up rather well, losing only approximately 20% (+ or -) of its value from the late summer peak. Many other issues suffered far greater damage, and their gains today have redressed some of that, catching up a bit with WIND. I would venture to say that most stocks are still much farther off their September (and certainly March) highs than 20%. Although today saw a lot of pent-up buying power come into the market, it seems clear that the market is not, and imo will not be, the same as it was late 1999-early 2000. Thus, the slight rise in WIND today reflects a re-calibration in the context of the larger moves (down and up) of other technology stocks. In addition, while the CC was quite positive, management's guidance was restrained, offering 30% topline growth next year, below earlier forecasts. While many who listened believe that St. Dennis was being deliberately conservative (an appropriate response, in my view, in an environment that has severely punished those who err on the upside), the houses that follow WIND are being a bit cautious. The yalp story is not yet emblazoned in living color in WIND's results, and while the signs seem good, WIND's business model is complex enough that the wait and see attitude still prevails. We have seen valuation compression during the last eight months, and WIND is not at exactly bargain basement levels for a self-professed 30% y-o-y grower. EDIT: I know you are aware of this already, but your question leapt right into my musings about WIND's price. It struggled to make meaningful gains all day, and then finally went with the crowd, in measured fashion. I was sort of pleased. Just my thoughts, Steve