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Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?


To: Sisofsix2 who wrote (1600)6/1/1998 12:42:00 PM
From: Steve Andrew  Respond to of 3247
 
Hello All...

I have bought a little stock here today (pure bottom fishing) and would greatly appreciate any advice from those on this board as to expectations for the future beyond the next quarter (already pre-announced). Any thoughts anyone?



To: Sisofsix2 who wrote (1600)6/1/1998 2:14:00 PM
From: Ariella  Read Replies (1) | Respond to of 3247
 
Dick Tracy vs. MOT? Good article from London's Financial Times,
May 29th.:

<<SMH: Company to launch wristwatch telephone
By William Hall in Biel

SMH, the Swiss group that is the world's biggest watch producer, is about to find out whether consumers of its famous cheap and cheerful Swatch brand really do have time to talk. It plans to launch the first wrist watch which doubles as a mobile telephone, and aims to sell 1m a year at under SFr500 ($340) apiece.
The new watch - Swatch Talk - is thicker than the world's thinnest watch - the 3.9mm Swatch Skin - which SMH launched last October. Nor does it have the long-term endurance of its sister brand, the Omega Speedmaster, the only watch ever worn on the moon, which is now on its way to Mars in a US space ship.

However, it can operate at depths of 100 feet and, while its phone battery will run out after 10 hours, the watch will run for another month.

Swatch Talk is the latest of nearly 1,900 different models to be rolled out since Nicolas Hayek, the man who rescued the Swiss watch industry from bankruptcy, founded the world's best-known brand in 1983. "The next time my watch tells me it's time to call someone, I need look no further," said Mr Hayek at SMH's annual press conference yesterday. "A flick of the wrist and I'm connected. Two vital accessories rolled into one."

SMH's decision to risk humiliation by challenging the likes of Nokia, Motorola and Ericsson, is vintage Nicolas Hayek. The former engineer and self-publicist rescued the Swiss watch industry from Japanese competition and established SMH as the world's most successful watch company with annual sales of more than SFr3bn ($2bn) and a staff of nearly 18,000.

However, Mr Hayek, who turned 70 in February, is not content to stick to making watches. Last September SMH and Daimler-Benz launched the jointly-designed Smart car at the Frankfurt motor show.

SMH disclosed yesterday it had invested close to SFr100m in this project and a roughly similar amount in its own Swatchmobile, a hybrid electric vehicle it is developing separately.

Both projects are still a long way from making money for SMH's shareholders. But the latest annual report explains the plan to build the first ecologically friendly hybrid electric car is "part of our commitment to the fight to save our planet".

Mr Hayek signalled yesterday he expected 1998 would be another good year for SMH, which last year increased profits 18 per cent to SFr332m. The shares have risen nearly 50 per cent since the start of the year, and turnover at the Swatch Megastore Timeship in New York - the first of 15 Megastores - soared 71 per cent in January and 49 per cent in February.>>

If this were a fly-by-night company, one could just laugh. But it's not. Any chance TFS personnel have been sighted on the Bahnhofstrasse in Zurich? <G>

Regards,
Ariella