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Technology Stocks : Thrustmaster (NASDAQ:TMSR) -- Ignore unavailable to you. Want to Upgrade?


To: jim geis who wrote (1939)4/1/1999 12:51:00 PM
From: Pete Mason  Read Replies (2) | Respond to of 2443
 
>> The shorts have got to be getting a little nervous now. <<

Surprised might be a better word, at least for me personally. I don't know what the Q1 revenues will be, but "record" will have to be at least $6.3M which is far greater than I expected. Apparently their new wheels are selling well.

But it doesn't really bother me if core products are showing strength. The run-up from 3 to 17 had nothing to do with hopes that their core products would pick up; it had to do with their internet TalkNPlay product. Looks to me like TalkNPlay is a revenue non-event. So if they return to being a profitable game-hardware concern, and adopted a valuation similar to a company like Logitech, their stock should trade around $4 or $5.

There is $10 worth of vapor in the stock price, all related to TalkNPlay... as the weeks & months go buy, that vapor is going to blow away regardless of how their racing wheels and joysticks do.

-- Pete