Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Maurice S. Green who wrote (2217)	8/18/1998 10:24:00 PM
From: Doug Meetmer	Respond to of 3247

Did this company not just announce 3 months ago that year over year revenues would be up 20-25% ?!!!!!!!!! Now they come in at 8-10% !!!! What a bunch of bufoons. I am sorry I ever bought my first share of this stock three years ago.

To: Maurice S. Green who wrote (2217)	8/18/1998 10:25:00 PM
From: David Peterson	Respond to of 3247

Maurice, I've been holding TFS for 1-1/2 yrs waiting for a move. Had the faith when it hit 24 but it just couldn't keep moving. Looks like I'm gonna wait quite sometime to see 24 again. Starting to loose patience when other issues would have given much better return by now. Where did you get the info on the upcoming Q? D. Peterson

To: Maurice S. Green who wrote (2217)	8/18/1998 10:37:00 PM
From: michael c. dodge	Read Replies (1) \| Respond to of 3247

Hey, Rick....... You can get the press release by clicking "news" below this post. There is substitution of Korean (and maybe Japanese) LCDs at the margin.....where there is low information content, and the customers (probably MOT for the most part) are pressuring the TFS price on these products. Its not the end of the world, certainly. The China facility should have very low production costs. If they can grow revenues at all in this environment, they are probably doing okay. Also, they will be cash flow positive, in spite of the pricing pressure, I believe. The basic premises of the business, I also believe, can withstand these exogenous shocks. Good technology; bulletproof balance sheet; low cost mfg. and higher-margin proprietary products coming onstream; plenty of unit orders; and, eventually, China startup costs come off the income statement and earnings are restored. This company is NOT in bad shape internally. So be it. With this said, management will be taken to task for not warning a month ago in the latest conference call. A thread participant asked Vince the 1998 year-to-year revenue increase question, and received a straightforward answer indicating the 25% range, if I recall correctly. These guys are honest, and I think they just did not know what was coming !!! I bet MOT just put the screws to them on pricing. Hey....its tough out there !!! <G> mcd