SI
SI
discoversearch

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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Robert Rose who wrote (118152)2/20/2001 10:33:53 AM
From: H James Morris  Respond to of 164684
 
>hj, sounds like you're ready to do some bottom fishing here?
Rob, I love to bottom fish, but I'm not doing much in tech.
Check out GemStar (GMST) I think it could go to 70-75.
There's a hell of a lot more about GMST than just owning TV Guide.
Their CEO Henry C. Yuen, keeps pretty good company including
Bill Gates, John Malone, Rupert Murdoch, Steve Case and now Paul Allen!



To: Robert Rose who wrote (118152)2/20/2001 10:56:01 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Rob, I'll probably jump back into Capstone (CPST) again some time this week.
>NEW YORK, Feb 15 (Reuters) - Shares of microturbine systems maker Capstone Turbine Inc. (NASDAQ:CPST) dropped more than 10 percent on Thursday following the expiration of a lock-up period for shares owned by early investors in the company.

Chatsworth, Calif.-based Capstone, whose shareholders include New Zealand oil and gas company FCL Energy (NYSE:FEG), saw its shares drop after analysts said a lock-up of between 55 million 59 million shares expired after the close of trading on Wednesday.

A spokesman for Capstone, which has around 75 million shares outstanding, confirmed that the period had ended but declined to confirm the number of shares affected.

Most shares sold as a result of the expiration likely belonged to venture capital firms and other pre-initial public offer investors, said Wedbush Morgan Securities analyst Gary Holdsworth.

FCL Energy, which owns around 7 million Capstone shares and participated in a November Capstone secondary offering, might be one of those companies, he said.

"This was quite expected by the market," Goldman Sachs Vice President Mas Siddiqui said. Investors' current appetite for companies that provide alternative energy products and services due to the California energy crisis prevented steeper Capstone losses, he said.

"They think that there are positives from California that are going to offset this," Siddiqui said.

No fundamental weakness was evident within the company, Holdsworth said.

Capstone shares closed down $3-1/4 at $28-5/8 on the Nasdaq stock market, in the lower part of the stock's 52-week trading range from $17-3/4 to $98-1/2.