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Technology Stocks : Smart Modular - diamond in the rough? -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (1427)	5/22/1998 6:36:00 PM
From: Andreas	Read Replies (3) \| Respond to of 2020

Jeff; As I'm sure you know the market price of a stock is not so much based on what it earns or doesn't earn as much as what investors perceive the future is likely to hold in store. That is why internet stocks like Yahoo and AOL have phenomenal pe ratios despite absence of earnings. They are able to pitch a rosy future. Ajay cannot or will not pitch a rosy picture. Believe me, I could have said the same thing Ajay said but phrase it and put a spin on it so that the stock goes up rather than down. We both would have told the truth but the results would have been substantially different. Ajay doesn't have a crystal ball and he could very well have said that smod is experiencing the same thing everyone else in the industry is experiencing but not to worry the future looks great and smod fully expects to be coining money in late 98 and 99. Instead he pulls some brown earnings numbers out of his ass and sends the stock in a tailspin. What a clever guy!

To: Jeff Jordan who wrote (1427)	5/23/1998 2:31:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 2020

Jeff, you have been a notorious bull on SMOD lately, where are you now? I am a little surprised at the quick bail out attitude. I bought 250 more yesterday. This thing is selling at below 1X sales. This is a bargain longer term, if one can wait a year you will easily double, especially from 14.... Again, IMHO, SMOD is experiencing weakness as is all other semi and CEM's, sure this is a surprise and I am not belittling the negative forecast, but I believe many people have thrown the baby out with the bath water here!! MileHigh