To: Bill Pearson who wrote (2502 ) 1/12/1998 3:30:00 AM From: Bill Pearson Respond to of 3358
From Gil Olachea to me via email, in reaction to some resent posts on SI. I will say, Gil is not short on confidence. He appears to know the semi chip business very well, and he's willing to have a lively discussion about what he knows with anyone who would like to do so.... take a read. What I take away from input like this (below) is this: We have a strong willed manager in place, one who has vision, and depth of experience. As Gil shared with Bruce and I when we saw him last Monday, and as he has said in other communications with shareholders, everything is in place to launch Sigma.....with the '98 goal to reach $25-26 million by calendar year end....everything that is except the capital to buy the inventory....but as we all know INCE is working that problem from many angles, and sooner or later it'll be resolved (in my opinion). [Bill, I read two posts on SI I will clarify. 1st - I am yet to be elected to the Intercell Board of Directors. 2nd - Jim Garrett's understanding of the semi market requires depth and clarification. This is MY field of expertise and I know the research houses out there who report the markets' purported "reality". For every report from an institution, I can raise another who'll contradict it. I am very well acquainted with IN-STAT, DATAQUEST, ICE, RedPoint, Cahners, TechSearch, Semi-Tech and others who are all jockeying for the corner of knowledge when it comes to this market. Yes, the semi markets' prices drop-as they should and as expected. Keep in mind volumes increase and the result is a positive movement. In other words, more revenue and a better profit posture. Please keep in mind what occurs with the total semi market can be sectioned and sectored to highlight the bright performers. I can hold a well structured debate regarding this...who ever accepts this invitation will require bring their checkbook! FYI... Best regards, Gil ]