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Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?

To: Ted The Technician who wrote (281)	3/22/1999 4:21:00 PM
From: Nazbuster	Read Replies (1) \| Respond to of 1277

I have no news. Assume it is still post-report selling. Here's Fool's take on it: Digital image chips developer Genesis Microchip (Nasdaq: GNSS) fell $1 13/16 to $29 7/8 after reporting fiscal Q3 EPS of $0.19, which excludes income taxes due to tax loss carryforwards. On a fully taxed basis, the company ended up earning about $0.13, which was in line with analysts' estimates. Genesis reportedly said during a conference call that it sees the portion of its revenue mix represented by digital projection products and imaging systems declining in the coming periods. In other words, future growth will be driven almost exclusively by the firm's flat panel display chips, which accounted for about two-thirds of revenues during the recent period. But if the 32% sequential revenue growth in the flat-panel business cited by the company in Q3 is any indication, then Genesis's growth potential looks pretty strong. With today's drop, Genesis is trading at about 35 times expected fiscal 2000 earnings of $0.84 per share -- in the same neighborhood as the 35% five-year earnings growth rate estimated by the two analysts surveyed by Zacks.