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 : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?


To: rich evans who wrote (458)2/24/1998 9:06:00 PM
From: jeffbas  Read Replies (1) | Respond to of 1250
 
Go reread post #412. I have been wrong lots of times on this one, but I assume he was telling others the same thing. I also believe that, as I have said before, the numbers were known then. Lastly the stock has made steady progress since then, which tends to confirm the foregoing.

I expect that the stock's weakness is caused by two things, pre-earnings jitters and a valuation issue, pending further earnings progress during the year. If the first paragraph means what it ought to mean and no expectations are disturbed tomorrow, the stock will probably trade between $15 and 18 until the next step in the recovery
(Q1 results) are delivered, at which time it could move to the $18-21 range (3 points per quarter of progress). IFF!!