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Technology Stocks : EFII - Electronics for Imaging -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (471)	12/13/1997 8:51:00 PM
From: dougjn	Respond to of 1460

Sonki, one thing you should know is that this one was a sort of core long term holding, dating back a few years in most cases, for the MO MO boys. As in among top 5/10 holdings. PBGH, Van Wagoner, etc. Also Fido Software. Those guys have been piling out big time, probably have more to go. Its their religion. One earnings disappoint breeds more. Frankly, I think thats usually right. I think here, it may not be, beyond what was telegraphed on the conf call. I.e., next quarter will also stink. 2nd Q some up. After that big up. The problem in essence is not competitive loss. It is only somewhat end demand (Japan). It is mostly Japanese inventory change based upon their nervousness, cash strapped situation ( and decision to go inventory tight), and a somewhat bungled product transition. I suspect they are having some growth/management issues. They are having some trouble managing transition to broader, more complex product lines. But their dominance of a high growth niche remains fully intact, from what I've seen. Unfortunately, visibility could be better. This thread has probably been as active (total message volume) last few days as last few months, for example. Doug

To: Sonki who wrote (471)	12/13/1997 10:47:00 PM
From: mark bailey	Read Replies (1) \| Respond to of 1460

Sonki-I wish I knew whether this is a good long term investment or not. I came across EFII few years ago, Investors Business Daily and Smart Money Magazine. I would not have expected this kind of miss. Management has been highly regarded by the press and the analyst (not the smartest group of people on the planet but closer to the action than I am). Some others on this board will have much more insight than I do. Right now I'm keeping my cash out of the market. Again, I'm not an expert but Investors Business Daily shows the NASDQ, SP, and DOW and their relative strengths and the charts are starting to look a little like they did in the January/Feb time frame of this year. DOW doing ok but small and mid caps falling. Eventually, both will fall or the small caps will recover. One other note-did anyone see the recent Business Week which featured Jack Welch's plans for additional restructuring/downsizing??? I work for the aircraft engine division and the message we are getting is the Asian "crisis" is worse than thought and having a bigger impact than expected. Jack is ahead of the curve and is acting now. Scary part is this won't show up in most companies numbers until spring or so. Could be the beginning of the end of the current Bull run????