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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Barry who wrote (7739)	2/7/2004 1:33:10 AM
From: Sam Citron	Read Replies (1) \| Respond to of 13403

Barry, RtS Thanks for your observations. One thing that concerns me is the balance sheet. Yahoo lists their debt:equity ratio as 5.5. finance.yahoo.com I hear they recently completed a stock offering and reduced debt by $100 million. Can I assume that the debt ratio cited by Yahoo is old? I really don't like investing in companies in cyclical businesses that don't have good balance sheets to get them through the inevitable tough times. If they are addressing this issue competently in their restructuring, that is a very good sign. I'm not that concerned about paying a price to break into a potentially lucrative new business -- flat panel displays -- if that's what caused them to come up short this quarter. I know what you mean about having a tough time buying on upticks, Barry. I share that problem myself. Today's action was nice confirmation of yesterday's turnaround and we could easily go back to the channel highs in many of the tech names. ASYT chart has really broken down. It's a very tempting rebound play.