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: dfloydr who wrote (2353)	9/3/1998 2:38:00 AM
From: Noblesse Oblige	Read Replies (1) \| Respond to of 3247

Hi D. Floyd... Buchanan's "return" shouldn't be viewed as a surprise to anyone but him. Can anyone really believe that he would be "hands off" in a time of difficulty? Raefon is right. The company should be sold. The management depth is insufficient to handle challenges at every level. Not a single prediction has been correctly met over the last several years. No significant customer diversification. MOT is still over half the business. No LCiD orders yet. And, that product was supposed to insure a 35% revenue growth in 1998 on its own. Based on management credibility issues, who could confidently predict that any of the other technologies will make a significant contribution to revenue or profitability? Yeah, I know, the shares are "cheap". The current capitalization is about $65 million, or perhaps 55-60 cents for every expected dollar of 1999 sales. And, earnings might be about 70 cents next year. Do you believe them? If so, you have great faith. BTW, I now "clock" the share repurchase as being in the ballpark of 550,000 shares already retired. It is a guess, of course, but they sure seem serious about getting them in. I think there is some chance that once the buyback meets its 1,000,000 share objective, that management may actually buy more. If they announce that, it will be a positive signal to the market, at a time when the market surely needs one. Let us hope.