SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream -- Ignore unavailable to you. Want to Upgrade?


To: Patrice Gigahurtz who wrote (396)12/3/1997 4:50:00 PM
From: JC  Read Replies (1) | Respond to of 846
 
Pat: You give me much too much credit. This subject is so complex,ironically,even a high school kid can give you an answer which has some partial truth. All I can say is mcre's management has exceptional smarts technically and financially. You get some idea of the portfolio of products by calling them @806-566-6200 where an answering machine rattles off products. My gut feeling for the moment
comes solely by looking at the weekly close trend. Just don't buck the tape. Behind this may be 2 elements: 1) on average, tech stocks as a group are off 30% from their highs; 2) tax selling particular from the pro's who got into mcre on volume too late and are taking their losses against substantial profits. That's not much help, I know, but even if you give this stock a conservative 20-25% earnings gain, I have to sense this is now a support range. One rule of most pros: Don't try to buy at the bottom. Better to wait for the stock to stabilize.



To: Patrice Gigahurtz who wrote (396)12/3/1997 5:32:00 PM
From: WTSherman  Read Replies (1) | Respond to of 846
 
I've got to believe that there is something wrong that we're not clued in on... This puppy has come down too far, too fast for it to be the normal cycle of profit taking, etc. I wish I knew what was happening, but, I don't!!



To: Patrice Gigahurtz who wrote (396)12/4/1997 7:23:00 AM
From: Dave Doriguzzi  Read Replies (2) | Respond to of 846
 
Sorry about not responding earlier but I was on a vacation up to Napa. Anyway, talked with MCRE IR yesterday about the comment that I had read. Told them I knew I wasn't dreaming and that I saw Kai's or Wilzak's comments somewhere that they would do $80mm this year and .18 to .19 was reasonable. The woman (Denise I believe) did not know where these comments were but took my name and number. She did get back to me and said that it was probably a Bloomberg interview that Wilzak did about 1 month ago. She did not have a copy and could not make a suggestion on where I could find it.
I also asked if they have made any projections or if there was any news. She said there isn't any negative news and they do not give out earnings projections to analysts or investors. She said that the stock action was related to the market in general and the problems at Adobe. I checked Bloomberg and there are no archives so I don't think it will be possible to retrieve his comments. Hope this helps.