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Technology Stocks : GALT - Galileo Technology -- Ignore unavailable to you. Want to Upgrade?

To: Gary Schneekloth who wrote (102)	6/5/1998 10:25:00 AM
From: Wizard	Read Replies (1) \| Respond to of 584

>>if bad news does come out soon, I will be very pissed. GALTF has said all along that visibility on the quarter was not good. I am surprised to see the stock at $16 but when there is no visibility, you have to discount the valuation. I hear that they will be short on revenues for the quarter. Q3, Q4 & Q1 (Q1 of next year) will be good but product cycles in technology stocks can be nasty so the risk-averse strategy is to wait to see the quarter. I remain on the sidelines until visibility returns or we see $13. $13 would be $200mm valuation (after cash) and that is worth risking some more bad news (which seems quite likely at this point).