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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?


To: Alex Dominguez who wrote (5357)4/29/1998 11:20:00 AM
From: Barney Rubble  Read Replies (2) | Respond to of 6297
 
Could someone please offer some insight as to why a company like MPEG has a continuous slide in stock price. For a development stage company who has been staying pretty stagnant (news, financials, products, etc.), why is the price going down when nothing is happening? I would understand if the price stayed stagnant, but I bought in a about 3.5/share almost a year ago and now look.The stock has lost about half that. There has been much discussion on this thread that has been very techinical in nature. Most investors don't care so much about that stuff. When will the company be profitable or when will Wall Street precieve it to be profitable? These are some very general questions that should be discussed. Could any of you out there (techies or not) answer this. Would help out a lot.