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Technology Stocks : ESST-the new beginning. -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (2228)	1/9/1999 3:06:00 AM
From: Rishi Gupta	Read Replies (1) \| Respond to of 3493

Gee, Ram, I also have a hunch that ESS might shoot through $9 by end of next week. Let's see whether I am right or not. To be honest, I have been making a lot of money with ESS in 96 and early 97. I lost quite a bundle after 4/18/1997 and yet to recover. However, I never lost faith in it and I purchased at 16, 13 and all the way to sub 6 that's where I stopped. I bought some at 3 that I could not resist and my wife was upset with me. She thought something must fundamentally went wrong with ESS for which I can not defend ESS or myself. I kept my faith with ESS because (1) ESS will outsell CUBE in China re SVCD and DVD decoders; (2) ESS will dominate PCI audio market; and (3) ESS will enter the Internet chip set business with its video, audio and modem know-how. There simply are no other companies in the world that possess all of the above three core competencies. The only thing I have not done over the last 3 years was I never shorted ESS. If I had known ESS will drop from $33 to $12 in a short period of time in 1997, I would have sold some contracts to protect my investment and profits. But that was hindsight.