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Technology Stocks : FLSH - M-FLASH SYSTEMS DISK PIONEERS -- Ignore unavailable to you. Want to Upgrade?


To: Jerome Wittamer who wrote (337)1/29/1998 12:19:00 PM
From: Omer Shvili  Read Replies (1) | Respond to of 923
 
To all,

I don't understand the debate, if this move is good or bad for FLSHF.
This move is deffinately positive, and I've been waiting for this announcement for some time. The company doesn't need the non-flash part of C-One, never did, and selling this part of C-One to the original owners is a great move.
FLSHF understands the flash business, and it doesn't need to be involved in anything but flash. The non-flash business was hurting the company because of lower margins, and because the company doesn't understand that business and it couldn't develop it.
FLSHF bought C-One for two reasons : 1. ATA 2.presence in the far east. Now the company has both, and it's not stuck with the other parts of C-One it didn't need.
I'm a buyer at these levels (it's a steal at these prices), and I'm sure the stock will move much higher than current levels.

Omer