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Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (1266)	1/29/2007 4:55:24 PM
From: The Ox	Read Replies (1) \| Respond to of 1277

Huge miss and extremely soft forward guidance. I sure hope you got out of this dog, Peter. It's hard to believe that had the audacity to give out $5 million in options this quarter. Record a hundred million writeoff, over 2 months in inventory on hand, reduced next quarter's revenue expectations by 30% and projecting losses going forward. Nice job. LOL! I'll revisit this one in a few quarters to see if there is anything left worth owning. Right now, I just don't trust their management and I'm going to guess that they will get a flood of downgrades. I see they're down over $1.20 in after hours. If I had to guess, this is just the beginning of this downtrend. EDIT: if you want a stock in the same basic marketplace, look to TRID. jmo TO