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

To: sparky who wrote (14003)	10/16/2002 1:16:32 PM
From: Bruce A. Brotnov	Read Replies (1) \| Respond to of 16631

Needless to say, Herb had to get someone to remind us that he has been on the attack of NLS for a long time (since $40). It can probably only average .60 earnings per quarter next year and therefore should be a single digit stock if the shorts have their way. This is from Jim Cramer's rag: Not everyone was surprised by the company's change of tune. TheStreet.com's Herb Greenberg has long reported the short case on Nautilus, which includes the mounting odds against the company maintaining its breakneck pace as well as inconsistencies in Nautilus' financial reporting. Herb couldn't understand all of the items of compensation for officers so he slammed it in one of his notes along with the time he discovered the CFO had only one degree instead of 2 from 20 years ago. This is certainly a strong case to beat up on a stock that is showing a little slowing of growth in a tough economy - but still head and shoulders above most in earnings. Bruce

To: sparky who wrote (14003)	10/16/2002 8:53:27 PM
From: Bruce A. Brotnov	Respond to of 16631

sparky, here is a better summary of RFMD action today. It is also up after hours with positive earnings and comments from IBM after the bell. CHICAGO, Oct 16 (Reuters) - Shares of wireless chipmaker RF Micro Devices Inc. (RFMD) fell more than 20 percent on Wednesday after one of its largest customers, Motorola Inc. (MOT), cut its outlook for the fourth quarter and 2003. The stock drop came despite RF Micro reporting strong quarterly results after the market closed on Tuesday. "Motorola's comments probably did whack them. ... It's a risk-adverse market," said Edward Snyder, wireless equipment analyst for J.P. Morgan. "Business could not be much better for RF Micro at this point." The company's stock fell $1.75, or 20.2 percent, to $6.91 midday Wednesday on the Nasdaq market, near its session low of $6.81. Motorola's warning combined with Intel Corp.'s (INTC) downbeat financial forecast weighed on many technology stocks, analysts said. RF Micro, which makes circuits for mobile telephones and other wireless devices, late on Tuesday posted a 21.8 percent increase in its second-quarter revenue and said its profits rose three-fold. The Greensboro, North Carolina-based company also said it was fully booked for the current quarter and gave an upbeat outlook. Analysts were pleased with RF Micro's results, attributing them to market share gains and strengthening demand for its wireless local area network product. RF Micro has been trying to diversify its products beyond cell phone chips. "Overall commentary indicates demand is (as) solid as RF Micro expected with no major pushouts or delays in any region or customer," SG Cowen said in a research note. However, that was not enough to offset Motorola's warning, which the wireless technology giant blamed on slowing demand in several businesses, including semiconductor and high-speed Internet and wireless equipment Bruce