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 : Xilinx (XLNX) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (2198)	1/19/1999 11:14:00 PM
From: Charlie Smith	Respond to of 3291

Skeeter: why did their tax rate fall? Renewal of R&D tax credit for FY99 during the Q knocked full-year estimated tax rate down from accrued 36 to 29 percent, so Q3 took entire downward adjustment. Charlie

To: Skeeter Bug who wrote (2198)	1/19/1999 11:28:00 PM
From: oexplayer	Read Replies (1) \| Respond to of 3291

Hi Skeeter: No doubt XLNX's earnings were flat for a few quarters, as it was for the sector in general. My point was that the past is just that, the past, and as you know, this has very little to do with the price of the stock. Many lesser companies that lack the products, position in the industry, and earnings capability of XLNX would not have held up nearly as well as XLNX did the last year and a half. So from September 1997 to mid-October 1998 the stock traded as much as 50% off it's high of $58! My point is that the stock was punished as was the rest of the group and the share price and earnings at that time did reflect the future earnings power..... but now the outlook is more favorable and the stock is reacting accordingly IMO! <<< yea right.D E N I A L.....Mike Burke is the most knowledgeable poster on SI..He knows what he's talking about.He sees XLNX in the 20's in the coming year.Get out while you can...>>> Seeing posts like this is what's so discouraging to me. If I recall this was the same guy short MU at $35! So who knows, the bears may proved right one day, but they don't seem to understand the market never lies! It's not a coincidence that the stocks moved well before the improved fundamentals were discernible. That's the beauty(if your on the right side) of this market! I certainly don't intend to show anyone up, but mainly wanted to confute the consensus of many on this thread, and point out how ridiculous some of their predictions were! Opinions are debatable(mine included), but it is the market that keeps score! And at this point in time, we know who's ahead in the game! Best of luck!!! Kevin