Ray T., EMKR seems to be in a very, very small group of companies that can grow where little else cannot wheeze while looking for oxygen to breath...these companies in hard times will axe promising programs that don't have the political muscle. I am glad I have the EMKR signal on my screen. Gonna add some shares as the year goes by as $$ and price allow. Perhaps when they do some company searches for growth fewer and fewer gems will come up. Less competition for investment $$. Perhaps with some company valuations down those with some $$ will build for the future. Gonna stay in these seats for a few years. Beats laying on a bed of nails waiting for rescue. Nascient(sp?) technology has no inventory. 10g is coming no matter what. Someday HBLEDs will take over the halogen home market too. How many small companies can you find that are not one trick ponies? In my time looking this is the only one....good luck EMKR.
The investment bank scales back its expectations for 2001 and 2002, seeing 'few signs of real improvement.'
thestandard.com t
Goldman Sachs reduced its earnings and revenue expectations for both 2001 and 2002 on a wide range of technology stocks Tuesday morning, citing continuing troubles in tech businesses and expectations that an eventual recovery will be relatively weak.
In a research note, Goldman said it was cutting estimates "based on the continuing weakness of current business coupled with our view that the recovery, when it comes, will almost certainly not pack the punch of prior recoveries."
Goldman noted that it has seen "very few signs of real improvement within the U.S. for technology companies, although there is some evidence that we may be bumping along a bottom, albeit a low one."
European demand, Goldman added, continues to soften for many tech companies, and there are signs that Japanese tech spending may be slowing as well. Goldman said tech company earnings also are being negatively affected by the strength of the dollar relative to the euro, pound and yen.
In the research note, signed by Goldman analysts Rick Sherlund and Laura Conigliaro, the firm said its estimate cuts might be more accurate if they waited for the next round of earnings reports, but "we are convinced that we are directionally correct and we want to be early in this latest round of changes."
The 38 stocks affected by the downgrade include: Axcels Manufacturing, ACT Manufacturing, Actuate, Ariba, Art Technology Group, Benchmark Electronics, Blue Martini, Business Objects, BROCADE, BroadVision, Cognos, Commerce One, Convergys, Descartes Systems, EMC, Equinix, FreeMarkets, Corning, Hewlett-Packard, Hyperion Solutions, IBM, Informatica, Inktomi, i2, Mentor Graphics, Matrixone, MRO Software, Microsoft, Niku, NETWORK APPLIANCE, Nuance, PRI Automation, Pivotal, SAP, Siebel, Storage Technology, SUN Microsystems and VerticalNet. |
