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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: Dale J. who wrote (27831)	7/3/1998 2:07:00 PM
From: Steve Porter	Read Replies (1) \| Respond to of 33344

Dale, Well the last 6 months sure, but year after year we've seen 20, 30 and even 40% gains. This is clearly unsustainable. Overall real earnings just are not moving that fast. The PE are just expanding. But, I would stay invested, because it may continue for another year or two. But then one day..... Well I don't think the overall market will take a hit, just areas that have gone nuts like I said in my previous post. Well that is true. YHOO is a bubble that is about to burst. The fact that they don't have any earnings doesn't seem to matter right now, but it will at some point. I wish it would. It would do some people some good and teach some of them lessons about buying stocks trading at (for all intents and purposes) 1000x. It would also encourage a lot of them to put whatever money they have left in value plays like "my" NSM and COMS and "your" INTC. Yeah, but everyone is afraid of the looming price war. It seems to have the DRAM and Disk Drive fingerprints on it. Dale, the easiest way for their not to be a price war is simple. Seperate the sub $1K market from the rest of the computer industry. Develop specialized chips (i.e. MEdiaGX) for that market. If AMD and Intel hadn't been so hell bent on competeing with Cyrix in that market, a market they are ill-equiped to compete in at this time, all three companies would be making very hefty profits. But greed got the better of all involved. Sure let AMD, INTC and Cyrix slug it out in the high-end. If the marktes had been clearly separated then they would all be fighting for high-end, but charging $500+ a chip like the "good ol' days". So you are guaranteeing me 16% in 10 days. Cool! Ok, I'll take it. Not quite guaranteeing, but pretty close <G>.. COMS has back filled some of it's big earnings pop and is ready to run after the long-weekend is out. They have a lot of exciting product coming onstream and their modem sales are starting to pick up. The channel inventory problem is completely gone and they are cutting USRX related costs. This company is very sound and their stock price is VERY abused. BTW: Qntm bottomed at 18 and bounced to almost 21 before slipping back. Did you jump on it at 18? I managed to grab some at around 19 (I think). I sold it close to 21, but I don't remember the numbers since I'm at work and have the info jotted down at home (I live in Canada ;-) ). It was a good little cut and run job and I am looking for the same thing again if it continue to slide. If it holds, then I think it may surge up to $25, if I see signs of that I am back into it again. However my last play on QNTM, wasn't very big and hardly worth talking about. I forgot I even placed the buy order till confirmation came through <G> Steve