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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (26293)	2/1/2002 7:52:58 PM
From: Jdaasoc	Read Replies (1) \| Respond to of 99280

Looking at 69 page quarterly report of WMB this evening. 4 pages to report the results and 65 pages of Notes. If they need 65 pages to describe mostly contingent liabilities, they me thinks that one minor contingent liability default could trigger the rest and that is why they are under pressure. Time and time again highly leveraged stocks like ENE WMB come under pressure and the deflate. WMB's time has come and it is going to be next company to vet some of the $32 B in debts in the near future.

To: sylvester80 who wrote (26293)	2/2/2002 10:14:56 AM
From: TREND1	Read Replies (1) \| Respond to of 99280

snippet on GNSS: - One of few tech stocks with real momentum last year was Genesis Microchip. Genesis' chips scale graphics to fit the varying sizes and shapes of flat panel displays for computers. Sales more than doubled in the nine months ended December, to $107 million, while earnings tripled to $18 million, or 80 cents a share. Analysts forecast EPS of $1.24 for the fiscal year ending March 2002, rising to $2.25 by March 2004 -- so investors have boosted Genesis shares fivefold in the last year to a recent 60. That's a $1.2 billion market valuation. "The flat panel market is galloping, and we own a huge chunk of it," says Genesis spokesman Robert Hunter. Maybe too huge a chunk, once the soon-to-be-completed merger with rival Sage boosts Genesis market share past 60%. A money manager who has shorted Genesis shares says that flat panel makers would like to see more competition among their chip suppliers. They soon will, says the publicity-shy short-seller. He foresees a sharp drop in the price of chips like Genesis'. European chipmaker STMicroelectronics is making a concerted push into flat panel chips. Unlike Genesis, STM owns its own chip factories. STM can make the chips for around $4.50 each, says the investor, compared to a $6 acquisition cost for Genesis. If STM drives down sales prices for the chips to $8, as it plans, the money manager expects Genesis' gross margins will fall from 45% to 25%. That could even push Genesis into the red. source - barrons