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

To: Paul Senior who wrote (1270)	1/30/2007 5:44:07 PM
From: The Ox	Respond to of 1277

Good luck, Paul. Yes, they have plenty of cash and I'll give them credit for keeping inventory levels relatively low. However, they had almost $70MM in sales 2 quarters ago, down to $51MM last Q and forecasting $35MM on the low end for next quarter. Not looking good, imo.

To: Paul Senior who wrote (1270)	1/31/2007 12:12:25 PM
From: OldAIMGuy	Respond to of 1277

Hi Paul, I'm still in limbo with GNSS. The last time I bought more shares was with the price not too far from here. So, I don't have the desire to add to the position unless deeper discounts are available. Still, I'm keeping a GTC order in place to sell off about 5% or 10% of my holding should the price recover back to the mid-teens. I remember when I first bought into GNSS. I'd been to a trade show in Feb. of 2000 and maybe 1/3 of the booths had the new "flat screen" monitors that were just showing up then. A year later at a similar trade show, even though flat screen monitors were still extremely expensive, the ratio was up to about 2/3 flat screens. I bought a 32" flat screen LCD "HD-TV" monitor for around $800 a couple of months ago. My how things have changed. So, there's some validity to the other comments here about monitors becoming a "commodity" and therefore having somewhat limited potential profits for the component suppliers. I'm hoping for one more sine wave! Best regards, Tom