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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Jay M. Harris who wrote (4470)	1/16/1998 11:58:00 AM
From: Justa Werkenstiff	Respond to of 10921

Jay: Re: "I disagree that the market is looking beyond 1998." If you are suggesting that I think the market is looking beyond 1998 currently, then you may have misunderstood me. I am in agreement with you on this point and thus the reason for the price weakness in this sector to date. Where I disagree with you is on the relative confidence you have (95%) that all semi equipment companies will see 1x revenues in another leg down. Thank you for researching the DRAM issue. I am sure I speak for most on this thread when I say I am sorry to see you leave as I enjoyed reading your posts and hearing your persepctive regardless of our differences. Come on back anytime.

To: Jay M. Harris who wrote (4470)	1/16/1998 10:30:00 PM
From: Investor2	Respond to of 10921

Off Topic, RE: "I'm off to ... ATM land." What do you think of DBD? Thanks, I2

To: Jay M. Harris who wrote (4470)	1/16/1998 11:20:00 PM
From: ET	Respond to of 10921

jay......the bear's will miss ya....even though i didn't always agree with your bearish view points,i did appreciate your effort...remember, you can run but you can't hide....jay ,good luck,and see ya around the threads...........

To: Jay M. Harris who wrote (4470)	1/17/1998 3:14:00 AM
From: Sam Citron	Respond to of 10921

Jay, Thanks for your valuable insights on semi-equip fundamentals. I look forward to your return. To play the devil's advocate a bit, may I ask what is so compelling about cable modems, which I regard as a low-margin commodity-type product, once the ritual shake out dance of standardization has occurred, or about ATM? Is ATM still the protocol of choice as bandwidth becomes more abundant and sticky video bytes become more prevalent? SC

To: Jay M. Harris who wrote (4470)	1/17/1998 7:11:00 PM
From: IVAN1	Respond to of 10921

Jay: What about the Year 2000 Problem??!! Hello from the Y2k threads! Jay, I've been reading all your terrific posts and would love to get your take on: 1. What the Y2K problem will do to the tech market. 2. The upside for Y2k stocks. 3. How serious this Y2k problem will turn out to be for "society." Many thanks in advance from a y2k gloom and doomer. Best, Ivan1

To: Jay M. Harris who wrote (4470)	1/17/1998 8:25:00 PM
From: ForYourEyesOnly	Respond to of 10921

Jay, I enjoyed your posts regarding semis. Please give us an update when you think we are near the bottom. Now, regarding the trip to ATM land, I get the impression that dumb, massive bandwidth (IP) will triumph over the smarts of ATM. Please let me know what you find. If you have the time, please take a look at a company that has had scorching year-to-year growth rates even through the last year, when many networkers slowed down: MRVC. BEST Review: MRVC: Continues To Lead The Price Performance Curve Info from Bear Stearns (BEST) BEST says MRVC is gaining Market Share and they reiterate their Buy Rating. RE The NH2024: BEST says that the NH 2024 has been shipping to major customers and will be generally available through distributors including Tech Data on December 1. BEST views the NH 2024 as a very competitive offering, as similar switching products by Bay Networks and 3Com are selling for $250 and $290 per port respectively. BEST says CSCO, which dominates the high end, sells a similar product at an even higher price per port. BEST comments that IDC recently released its latest market share survey in switching for first-half 1997, and that MRV's Nbase switching division increased its market share in the high-growth workgroup switching segment from 3.8% in 1996 to 4.6% in first-half 1997, an impressive 21% gain in six months. BEST adds that more importantly, this is the first time a major market research firm such as IDC includes MRV(NBase) in its survey. BEST says that they believe this reflects the rising visibility of MRV among customers and industry analysts, which could eventually raise the company's visibility among investors. BEST says they believe MRV has the broadest product offerings in the 10/100 autosensing workgroup switching segment, an area which could grow to $4.3 billion in revenues in 2001 from less than $100 million in 1996, a 95% CAGR. Consequently, BEST thinks that MRVC can achieve both revenue and EPS growth of 40-50% over the next three years. BEST believes that MRVC's business conditions remain strong and the company continues to enjoy robust demand for its products, particularly in switching. BEST adds that moreover, demand in Europe seems to be strong and the company sees no slowdown in Asia despite the uncertain economic conditions in the region. BEST comments that at 20x their 1998 EPS estimate of $1.25, MRVC shares appear very undervalued and should provide significant return to investors over the next 12 months. They maintain their estimates and reiterate their Buy rating on MRV stock.

To: Jay M. Harris who wrote (4470)	1/19/1998 6:14:00 PM
From: TI2, TechInvestorToo	Respond to of 10921

LG restructures to focus on semiconductors according to Chosun Korea newspaper today: Hyundai And LG Release Restructuring Plan The Hyundai and LG groups announced their voluntary corporate restructuring plan Monday, incorporating the external selection of directors, external auditing, no cross guarantees and concentration on core industries. Samsung and SK groups are expected to announce their restructuring measures on Tuesday. Park Sey-yong, president of Hyundai's central planning office, said that external directors are to be selected to ensure transparency of its business and financial structure, and as a means of protecting shareholders' interests. The group is to withdraw its holdings in the 'Munhwa Ilbo' newspaper and halt construction of a new steel mill. In addition it is not to takeover the bankrupt Halla group. LG is to liquidate all none core businesses, valued at W15 trillion, by the year 2002, end cross guarantees by 1999 and will publish its first consolidated financial report in 2000. The company is to focus on areas that it is competitive in internationally such as telecommunication and information and semi-conductors. As its first measure LG is liquidating 90 fringe businesses, worth W2.4 trillion, by 1999.