Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : INVX Innovex Comdex Winner !! -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (2298)	3/18/1998 5:23:00 PM
From: RLOVETT	Respond to of 3029

Thanks, Mark, for your detailed flip chip response. This helps considerably (esp. if read in conjunction with Doug Fant's article in The Lone Star Growth Investor). These two articles together were very edifying to me, although all the technical details are still somewhat beyond my total comprehension. I have had a relatively large long position In INVX for two years now and overall it has been pleasant although the past few months have been tough. Based on historical data ( just about anyway you can think to figure value) , INVX is a screaming buy. Unfortunately history doesn't always repeat itself and the market focuses on future expectations (and is very skeptical in the case of INVX). A year ago INVX shareholders reaped the benefits on the disc drive industry's transition from thin film inductive to thin film magnetoresistive read-write recording heads. Now we anticipate the same appreciation of stock price late this this year and in the next two years due to head interconnect flex circuits (Litchfield Precision) replacing larger wire alignment tabs (Precision Products), with some uncertainty over whether or not HTCH ultimately develops its trace suspension assembly as a viable competitor. And with some question about the strength of the next disc drive cycle, The putative third step in the INVX stock price ascension has to do with flip chip/micro ball grid array technology in competition with and to some extent replacing chip-scale packages . I assume that this will impact mostly 3 to 5 years and beyond, but right now INVX is building a second factory to produce HIF assemblies for chip packs and in the last conference call Mr. Haley said that INVX was selling some chip packs to ASAT, Motorola, Texas Instruments, AMD and Erickson. I hope the above understanding is correct, at least in principle, if not in details. But in a larger sense, really in an ultimate sense, when you buy a stock you are buying management. Yes, there many parameters of performance and assets and expectations, but all of this is a result of past, present and future management. I am quite content to invest my money with Tom Haley and crew. Win or lose, they will have given their very best (and so far their best has been pretty damn good). This is a great string, thanks to your's and other's technical expertise and diligence, Mark. I am technologically inadequate to make meaningful contributions, but I have enjoyed your postings immensely and offer humble and grateful thanks - -to all of you. It makes INVX the most interesting company I have ever bought (and I hope someday the most profitable). Robert Lovett