Thanks Ed...good luck with ntap......I assume by your post you are in it for a quick trade....I'd like to grab some for the long term basket, but dont want to buy it up here....I may miss it, and if so, then it wasnt meant to be, but I am not so sure we have seen the worst, and ntap still is a tad lofty valuation wise......anyway, long term it's a no brainer and I should just buy some at $20 and forget about it, but I am trying to stick with my plan...my plan says buy it $12 - $14, and If I miss it, which I probably will, the like I said, it wasnt meant to be, but I am sticking with my plan regardless. I think I may have mentioned this one to you before, not sure.....following is an article, where GEMS is mentioned at the bottom.....yes, that have a long, solid history, yes, they make PROFIT....yes, they have low float....yes, they have very low pe and pretty nice growth rate....yes, they have deals with qcom and lots of other big boys......yes, they will be right smack dab in the middle of the wireless world. Anyway, here's the article....do a little dd on them if you wish.....I know you love companies with an E in their PE<ggg>, low floats, low PE's, nice growth rate and etc, etc......GEMS, could really be a gem, who know's...they got whacked like everybody else, but they are forging ahead in a good looking way.........I used to be in GEMS years ago.....sold after a split and a run to $40...did very nicely with it. Pretty much forgot about it, except for watching it drop to $2 or $3 run back to $15ish, drop back to $3ish, run back to 12ish and etc......could have been a great trading stock last year. Anyway, my father in law's brother is a broker...he is as conservative as conservative gets.....he never believed in the inuts, thought people werecrazy to buy yhoo, amzn and etc, at any price......like I said....him taking a chance would be maybe buying sunw or something....he is very conservative and defensive....energy stocks, financials, bonds, fixed income and etc, etc.....I remember telling him to buy aol about 5 years ago...he about threw up in my lap<ggg>....said he would never buy any internet related company and dint even like technology, Period. Yea, he had a little sunw and msft and intc and etc, but small amounts....as I said, very conservative.......GEMS is a local company. One he has followed closely for many, many years and knows the management well. he told me about a month or two ago, that of I could stomach the up and down turns of the market, and the stock itself, I should "do myself a favor and get back into gems on a dip"....He said, he has been buying it for his personal account and recoing it to his clients as well.......anyway, like I said, this guy is as conservative as they come, very low risk tolerance and risk taker......that alone was enough to make me take a position. Then I did further DD...saw the deals in china, which they have very good relations due to their past paging business, deals with qcom.....saw the way they were altering and changing their plan to take advantage of the newest technologies and etc, etc, and increased my position on the last dip......anyway...check it out...it's cheap, low valued, low float, solid management...good looking deals that show a hopeful very sucessful future....please dont buy on my Rec...just check it out if you feel like it and make your own decision obviously.......
Thanks keith-------------------
Tracking People And Products
Arik Hesseldahl, Forbes.com, 03.26.01, 11:30 AM ET
LAS VEGAS - In comic books and cartoons, superheroes often track down villains by sneaking a small radio transmitter into the bad guy's car or pocket. Invariably, the signal leads the hero to the criminal's secret hideout.
In a case of fiction meeting fact, a new company called Locate Networks has a similar service. When you need to know exactly where someone--or something--is in real time, you'll soon be able to find out, using a service that this Kirkland, Wash.-based startup is developing.
One of several companies working in a nascent wireless niche known as location-based information, Locate's service combines several technologies--pagers, Global Positioning Systems (GPS) and the Internet--with an interesting result.
At the company's booth at last week's CTIA Wireless 2001 show in Las Vegas, a demonstration showed exactly how the service works. For instance, a manager of a taxi company who wants to keep tabs on drivers as they move around town could track them in real time.
First, the manager sends a message through Locate's Web service, which in turn sends out a message to a tracking device over a two-way paging network. That message prompts the tracking device to record its current location using signals from the U.S. Government's network of GPS satellites. The desired location is then sent back to a server, which can convert the GPS coordinates into a map showing exactly where the driver is.
While it may seem a bit intrusive for an employer to keep tabs on the location of its employees, valid reasons for doing so can differ. An unconscious police officer can't say where he is on a radio. Utility workers often spend their days running from place to place, as do couriers and sales people. Sometimes you just have to track them down.
Indeed, the federal government has already mandated that mobile phones have some sort of so-called E911 capability, which allows the location of a mobile phone to be tracked to within 100 meters when a caller dials 911. Of course, that capability hasn't played well with privacy advocates concerned about the potential for abusive surveillance. They'll probably also take offense at the idea of workers being monitored while on the job.
Locate's service is based on technology developed by Snaptrack, a company which wireless chip giant Qualcomm (nasdaq: QCOM - news - people) acquired last year for $1 billion. It will not be offered directly to consumers, but rather through wireless phone services or pager companies.
Locate President Michael Crowson says the technology allows users to set permissions on who can locate them and when. If you don't want the boss to be able to find you after business hours, you would be able to set that up as a personal preference on Locate's Web site. And different sets of people--say co-workers, golfing buddies and family members--can have different sets of permissions for different times of the day. You can even choose to drop out entirely when you want to disappear.
Locate has other plans for the technology as well. Companies that ship their goods around the world would pay to track products down if they're lost or stolen. Goods stolen during shipment cost insurance companies billions of dollars in claims each year. Location chips could also be built into laptop PCs, which are a favorite target of thieves everywhere.
Glenayre (nasdaq: GEMS - news - people) is building devices that work with Locate's service. Among them is an insert that works with Handspring's (nasdaq: HAND - news - people) Visor handheld computer that will be locatable, and will also be able to handle two-way messaging.
The company expects to launch its products in June, depriving superheroes everywhere of one of their exclusive perks. |
