To: Carmine Cammarosano who wrote (1631 ) 6/16/1998 11:41:00 PM From: Jim Fraser Read Replies (1) | Respond to
Well Carmine, I don't see it quite that way, nor does the street in many cases either. Yes past earnings are great but what is up the road is more important to the stock price in many cases then what is behind them. Take a look at internet related Companies...most make nil or have negative earnings but the stock price takes off because the future looks so bright. In Nimbus' case, I bought the stock simply because of DVD. I knew at the time the company makes most of its revenue on CD's and the product was slowing but it was an industry and company was in transition, and I was prepared for dull earnings until DVD arrived. I honestly felt that management saw the vision of DVD before the competition did. In my view the company today, right now, is in a better position to benefit from DVD then any other I know. The others are either involved in the hardware end (ie CUBE) or are such a big company that the success of DVD will do little to effect the bottom line. (Warner, etc) I still can't believe these same people would give Nimbus away at this point.
