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Technology Stocks : Irvine Sensors -- Ignore unavailable to you. Want to Upgrade?


To: Robet Butkus who wrote (343)12/1/1997 9:53:00 AM
From: mig driver  Read Replies (1) | Respond to of 1673
 
Robet...Jim Evert's last stock purchase was on 8-11-97. Purchased 22,222 shares. Previous purchases were for 7500 and 15,000 shares. Perhaps we'd all like to see him buy more stock but nevertheless he is buying the stock. I appreciate that you raise contrapuntal views of Irvine's potential. I also can appreciate why you have these strongly held views. They are shaped by your experience. I hope that you are wrong in your assessment of Irvine's future.

My experience is different than yours. I came into the company at a different timeframe and hold a fundamentally opposite view of Irvine. I believe there have been real changes taking place under Jim Evert. He has hired some very good talent. Technology is converging in some very positive ways. They are transitioning from an R&D hobby shop to a company truly interested in the marketplace. One of Jim's challenges will be to relinquish control over the day to day activities of Novalog and MSI and let their leadership run with the ball. He must focus on the strategic confluence of events surrounding Irvine's technology potential.

You owned a company which stacked memory. I own a different company. I own one with two new subsidiaries with real products, a technology core which continues to produce, an improved memory stacking operarion which does not suffer from overcapacity, and a developing management team which is building talent and displaying talent.

I own a different company than you did and I am proud of their ideas and their potential. We see the world different Robet. That's what great about America. We can. Hope you had a nice holiday.

MiG