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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Brotnov who wrote (9995)	7/25/2002 12:42:18 PM
From: Dave Gore	Read Replies (3) \| Respond to of 16631

Bruce, people are so afraid of the volatility of ESST in the very short term that it's hard to say. Unfortunately we have to be honest, ESST is perceived (albeit unfairly) as strictly a commodity business. If it is perceived that business is slowing down at all, they could go even lower in the future, despite a very low PE. That said, it's hard to believe that line of reasoning. Recordable DVD sales are up greatly and should create a mass new consumer market in the future when prices come down. I saw their margins dropped from 43% to 41% this quarter from last but margins are still way up from last year. Money is flowing out of tech bigtime today, and shorting groups have latched on to many of the tech stocks today. What did you think of their report?