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Technology Stocks : SmartFlex Systems (SFLX) - Blitzkrieg or Sitzkrieg? -- Ignore unavailable to you. Want to Upgrade?

To: rich evans who wrote (688)	7/15/1998 2:25:00 PM
From: Kent Sarikaya	Respond to of 848

Almost all the tech stocks I follow are up today as well as a surge in the soxx index, yet SFLX, AFLX and FSII are lagards. I know FSII will be the lagard due to what it does, but I thought SFLX and AFLX would move before most other tech companies as they are doing work for others and more diverse. With the outsourcing growing and the hard times, many companies are laying off and turning over manufacturing. With this scenario we should see signs of life in these stocks first. Even Lam Research jumped today, and if you read their news they have been doom and gloom well into next year.

To: rich evans who wrote (688)	7/15/1998 7:25:00 PM
From: Joe Dancy	Read Replies (1) \| Respond to of 848

No question in my mind Rich that some sort of merger or acquisition is imminent. They won't buy back stock because it would mess up a pooling of interests deal, they noted that they had lots of cash sitting around to put to work, and have a strategy to provide design and tech support to some new fields (medical). Too much smoke for there to be no fire. On the other hand whether a merger or acquisition will be good for existing SFLX remains to be seen - I have to agree with Buffett when he says that most acquirers pay too much and ultimately hurt their shareholders. On the other hand, maybe a merger would get this company rolling. I'm not a technician but yesterday's volume was 35 times normal if I recall on a strong upward price spike - is that what is called a "breakout?" Technicians help me here - what do you guys see in the charts? exchange2000.com Joe

To: rich evans who wrote (688)	7/19/1998 1:02:00 PM
From: Rich Powers	Read Replies (1) \| Respond to of 848

Rich, I'm curious about the float number. Zacks says that there are 6.5 million shares issued and outstanding. Of that number, 45% is owned by institutions and 50% by insiders. That would make the float 3.25m. Investor's Business Daily has the float at 4.8 million. Do you know how frequently these numbers are updated by Zacks and IBD? As an aside, I checked shorts and there are only 4000 shares short at 6/15/98. This stock is clearly going to make it on its revenue and EPS growth numbers, or as you and Joe have suggested--through acquisitions. Regards Rich Powers