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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (3698)	4/23/2001 9:38:11 PM
From: hdrjr	Respond to of 23153

Tommasco, I certainly hope not, I have never had those tendencies. 7 is trailing, FCS has been making about 60 to 70 cents a quarter, however the most recent guidance is 70 cents for 2001 and $1 for 2002. From what I can tell it is a classic baby with the bath water sitution. While Fairchild has been around for decades, they have expanded recently and have very little name recognition with the populace. In the last quarter institutions have sold off 18%. I am not saying this is a long term short. I am saying this is a real 30% short in short order just as it was a great long from 12 to 18, which I only participated in two points. Its volatile, that is what we want, no? While I think it is a great long term canditate eventually, I think it is a great up and down trading op now. FWIW, hdr

To: Tommaso who wrote (3698)	4/24/2001 1:00:39 PM
From: energyplay	Read Replies (1) \| Respond to of 23153

Fairchild Semi [NYSE: FCS] has heavily PC oriented, not telecom Also there PC stuff tends to be more weighted toward notebooks, not servers and high end stuff. Telecom is way, way , off and has huge inventory issues - expect drops for telecom semi more than 50% -70% in sales. PC sales are off 10-30% - and the biggest hits are in servers, not notebooks. FCS has about $300-400 million in cash (also 800 million in debt, but that's long term) and relatively low cost of production. I believe the debt is held by Citibank Ventures, who alos hold their equity...I don't think they are going out of business. Possibly a better short could be Xilinx (XLNX) which is about 77% telecom + server + storage This just doesn't look like a juicy short to me. Best of luck, energyplay (puts on XLNX, LLTC , MXIM)