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

To: michael c. dodge who wrote (2267)	8/21/1998 10:06:00 AM
From: Noblesse Oblige	Read Replies (1) \| Respond to of 3247

Michael.... They are going to go and explain it to people? The "ameliorating story?" The same company that had the opportunity to have a conference call after the end of May release on the plus 25% year to year story? And the same company that had the opportunity to have a conference call after the press release of a few days ago, to try and put the situation in perspective? So, what is it? Is it too expensive to have the call? Is it too much trouble to have the call? Is it too much of a break in tradition to have the call? Is it that everyone is on vacation because it is August? Is it that all of the senior people have more important issues on their plates? Or, is it that they don't feel it is a necessary adjunct to their responsibility of corporate stewardship to keep the company's investors fully informed? I know what I think. Sad, isn't it?

To: michael c. dodge who wrote (2267)	8/21/1998 3:00:00 PM
From: Ariella	Read Replies (1) \| Respond to of 3247

I am angrier than all of you -- but at myself and not the company -- for still having shares in my portfolio. The temperament of management has been established for a long time. The changeover from Buchanan to Hren doesn't seem to have changed it. The announcement of a share buyback program today is laughable. How come insiders weren't buying in size this year while they were making those lofty projections? Who cares if they finally think it's time to buy shares now with corporate money when the stock is nearly at book value? By next week when we're back to trading 2000 shares on a "high" volume day and management is STILL not doing the customary efforts to promote the stock, will their buyback plan seem honest or disingenuous? The advice on the thread today is that to sell at this juncture is stupid. Standard advice on the thread is always that it's stupid to sell. Heard that at 22, at 18, at 16, now at 8. Eventually the statement will be true and a stopped clock is right twice a day. Right now we're holding a company that sells a commodity product subject to severe margin pressure. Because of its main client's internal troubles, we're also holding a company that is routinely telling us about ramp-up delays. Because of its policy of CIA-type secrecy about its client list -- (remember, KOPN can say MOT is its client) -- we're also holding a company that has zip chance of getting meaningful analytical coverage in the near future. Ah, you say, there's always hope for Siliscape and what it promises to bring. Well, worldwide, lots of people are getting hurt during the ongoing market meltdown. How many are actually going to ante up near-term for a pricey phone that shows an internet page? And, even if the technology and market take off post year 2000, how do you know we'll keep a commanding interest in Siliscape? We only own 20% of it, are apparently going to use some cash for share buybacks, and, given the uncertainties in the China ramp-up, probably can't buy more even if we wanted to roll their development costs into our income sheet. How do we know some smarter, better-financed company won't take its own interest in Siliscape? What are we left holding then? The (no longer) "loyal" opposition Ariella