To: I Am John Galt who wrote (2 ) 3/24/1998 3:51:00 PM From: I Am John Galt Read Replies (1) | Respond to of 10
THE QUESTION: Where can I find a techstock on the Nasdaq National Market that has a big partnership and a bargain basement price? THE ANSWER: Gatefield Corporation(NASD:GATE) All financial information can be found on gatefield.com The research... I've been following this stock for about a year and a half now, and have been in and out of it. There are some positive developments that are occuring right now that could ensure a positive financial turnaround for the company: Pros: -Recently underwent a name change. The company was formerly called Zycad(NASD:ZCAD), and with that name change, instated a new CEO. Dr. Jim Fiebiger has become the new CEO and has seemed to steer the company in the right direction. Since his arrival, the company has become partners with Siemens, Mentor Graphics, and Aptix. -sold off the really unprofitable sections of business and have toned down their company to a one product company(the proASIC chips). This product seems to be state of the art, and Gatefield has been known to get design wins for their work -recently retained the services of ISquared to help sell their products(http://www.isquared.com) -When this stock pops, it pops. Back in 1991, when this company was felt to be in a positive light, it went from 5/8 to 9 in one month. Last year, it dropped to 1/2 and flew back up to 3 on the release of the Siemens deal. Cons: -financial losses of many consecutive quarters are mounting. -this quarter is almost a definite loss projection Solutions to Cons(IMO): -Just keep doing what you're doing, Dr. Fiebiger. :o) Suggestions on buying this stock(IMO): -Wait until the financials for this quarter are finally out. Then start to accumulate only what you feel comfortable with. Matty Gregg