SI
SI
discoversearch

 Technology Stocks | Seagate Technology - Fundamentals


Previous 10 | Next 10 
To: Robert Douglas who wrote (1269)12/13/1999 6:36:00 PM
From: Ted The Technician
   of 1989
 
"Value is for suckers..."

CCBL was a value play several months ago. It didn't
start moving until after it bought out a company
that was into fiber optics. Since then, the company
quickly moved from being a slow-growth, value play
to a high-growth, momentum play.

By going into the SAN business, the balance sheet
will be revised to reflect a growing company.
As such the multiples will expand, and current value
players can end up to be a happy bunch.

CCBL started to trend upwards after the merged financial
statements were made available. VECO is another company
that is in the value-turning-growth mode.

Ted the Technician

Share Recommend | Keep | Reply | Mark as Last Read

To: Robert Douglas who wrote (1269)12/13/1999 8:07:00 PM
From: Mark Madden
   of 1989
 
"Momentum is the place to be! Value is for suckers!"

Maybe if we string together enough of these $2 days, we will have momentum.<g>

Regards,
Mark

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)

To: Mark Madden who wrote (1273)12/15/1999 2:40:00 AM
From: LK2
   of 1989
 
I don't follow Cisco much, but this sure sounds like an excuse to take the tech stocks down.

Globex currently shows NASDAQ 100 as +4 (I don't know what fair value is), so it appears there is no major negative technology reaction. But the article seems like a major negative to me.

For Personal Use Only
>>>>>
=====
cnnfn.com 



Cisco growth to slow?
Networking giant says sales growth may decelerate in 2000
December 14, 1999: 8:18 p.m. ET
NEW YORK (CNNfn) - Computer networking equipment giant Cisco Systems, which has experienced explosive growth over the past several years with the rising use of the Internet, may be slowing down, according to documents filed with the federal Securities and Exchange Commission.

In its quarterly report filed with the SEC on Tuesday, Cisco (CSCO) said that an anticipated slowdown in sales could make it difficult to provide quarterly earnings guidance to Wall Street.

"We expect that in the future, our net sales may grow at a slower rate than experienced in previous periods, and that on a quarter-to-quarter basis, our growth in net sales may be significantly lower than our historical quarterly growth rate,” the filing said. "As a consequence, operating results for a particular quarter are extremely difficult to predict.”

Last month, Cisco reported fiscal first-quarter earnings that were ahead of analysts' expectations, and its seventh consecutive quarter of accelerating revenue growth, posting sales that had increased 49 percent from the year-ago quarter.

At that time, executives did not provide any specific sales projections. But they did say that they did not expect any major disruptions in their business because of "Y2K” issues. Many computer makers had expected a slowdown in sales ahead of the millennium change, which could render some systems unable to distinguish the year 2000 from 1900, a condition widely referred to as Y2K.

Accounting practices may cause restatement

Cisco also warned about the possibility that the company would have to restate its prior earnings reports, in the wake of recent scrutiny of the way companies account for acquisitions.

Several companies -- most notably Tyco International (TYC), which has been on an acquisition binge in recent years - have been criticized recently for using a "pooling of interest” method of accounting for their business combinations, which watchdogs say helps them pad their earnings.

That has prompted the SEC to review the pooling of interests accounting method.

"We believe we are in compliance with all of the rules and related guidance as they currently exist," Cisco said in the filing. "However, there can be no assurance that the Commission will not seek to reduce the amount of purchased in-process research and development previously expensed by us. This would result in the restatement of our previously filed financial statements and could have a material negative impact on financial results for the periods subsequent to acquisitions.”

The Fair Accounting Standards Board also is moving ahead with plans to eliminate the pooling of interests method of acquisition accounting.

"If this occurs, it could alter our acquisition strategy and potentially impair our ability to acquire companies,” Cisco said in the filing.

Cisco shares slipped 3-1/4 to 97-15/16 in Nasdaq trade Tuesday, but picked up 1/2 in after-hours activity.

Copyright © 1999, CNN America, INC.
ALL RIGHTS RESERVED
=====
<<<<<

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (2)


To: LK2 who wrote (1274)12/15/1999 3:09:00 AM
From: LK2
   of 1989
 
A change in my opinion on the CNNfn CSCO article. It seems CNNfn article is slightly misleading.

If you check the CSCO 10Q (http://biz.yahoo.com/e/991214/csco.html), it appears that CSCO was basically using standard boilerplate for tech companies.

The CNNfn article seemed to imply that CSCO was actually issuing warnings. But the warnings are the standard-type warnings that companies make in SEC reports.

Regards,

Larry

Share Recommend | Keep | Reply | Mark as Last Read

To: LK2 who wrote (1274)12/15/1999 9:56:00 AM
From: Lynn
   of 1989
 
Dear LK2: As you already note in your reply to your posting, the CNNfn article is very misleading misleading. SEC filings look a whole lot different than company press releases of earnings. CNNfn is just digging for a hot news story--at the expense of CSCO shareholders.

As a long term shareholder of CSCO, let me say CSCO is known as being very conservative when it comes to projecting its future growth--they are not one of those companies that constantly hype their future. CSCO's SEC filing looks just like any past CSCO SEG filing to me, with the only addition being the section on TYC.

Regards,

Lynn

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)

To: Lynn who wrote (1276)12/17/1999 4:30:00 PM
From: Suntrader
   of 1989
 
What a great way to end the week !

New 52 week high and our holdings in Veritas up almost $4.50 a share.

Can anyone comment on how that affects Seagate's valuation on holdings alone ?

Have great weekend all.

ST

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)


To: Suntrader who wrote (1277)12/17/1999 5:10:00 PM
From: Lynn
   of 1989
 
Yes, it is a great end of the week. To celebrate, I'm putting up my Christmas tree tonight.

Good question about the value of SEG's VRTS holdings. Before figuring this out, do you know how many shares of SEG holds right now? The _Barrons_ article in November said 61 million shares but I do not know if this number is what SEG has right now. Within a day (or 2?) of the article VRTS has a 3:2 split. I do not know if the fellow writing the _Barrons_ article used the post-split number or not. SEG holding 61 vs. over 90 million makes a BIG difference determining valuation.

You have a good weekend too!

Regards,

Lynn

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (2)

To: Lynn who wrote (1278)12/17/1999 7:26:00 PM
From: Sam
   of 1989
 
It was 61 million before the split, so they now hold over 90 million shares.

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)

To: Lynn who wrote (1278)12/18/1999 2:23:00 PM
From: Mephisto
   of 1989
 
OFF TOPIC:

Hello, Lynn, did you put your tree up? How did your little furry friend respond to the lights and decorations?

Best wishes,

Mephisto

Share Recommend | Keep | Reply | Mark as Last Read


To: Sam who wrote (1279)12/20/1999 7:11:00 PM
From: Kevin Linder
   of 1989
 
90 Million + shares that traded as high as $129 per share today and closed at $125. This keeps up and you have to wonder when VRTS will hit $150 or $200....and whether SEG will reflect that price...



Kevin Linder

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)
Previous 10 | Next 10 

Copyright © 1995-2014 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.