To: AARON DIDICH who wrote (142) | 6/3/1998 10:20:00 AM | From: wpckr | | |
Aaron--Yes! This is a solid stock. I was out and in overnight Monday and Tuesday, saving a couple of bucks on the drop and improving my position at purchase and an additional 100 shares. Good luck! |
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To: DD™ who wrote (144) | 6/10/1998 12:47:00 PM | From: wpckr | | |
I think so. The 10 15% guys are having a ball with us aren't they? The buy op is around 22.5-23 I believe and if we go below that I think there must be something bad wrong that we do not know about. |
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To: DD™ who wrote (146) | 7/22/1998 10:18:00 AM | From: Jeff Mulder | | |
It isn't the Q2 earnings report driving the selling. It's this comment:
''We experienced increased revenues from our largest customer in the second quarter, but the most recent forecasts which we just received indicate that third quarter shipments will be lower, due to changing product mix and demand,'' Borelli stated. |
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To: DD™ who wrote (149) | 7/22/1998 11:58:00 AM | From: W Shakespeare | | |
The problem of heat dissipation for computer manufacturers has not disappeared. The company will have to shift its sales efforts away from Intel and over to computer manufacturers who are producing the under $1,000 PCs that are taking a larger portion of the computer market. I believe this drop in price is completely overdone! Unless, of course, someone can show that AATT has lost its competitive edge in the heat dissipation market. A definite buying opportunity for the long-term investor. |
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To: wpckr who wrote (148) | 7/22/1998 2:35:00 PM | From: Jeff Mulder | | |
<< But it seems a bit unusual to see the stock value cut in half over remarks like that. >>
You're surprised? I'm not. It's SOP for tech stocks. ADIC made a similar announcement and its down 30% today. Or look at what happened to AFCI at the beginning of the month.
I owned a little Rainforest Cafe when the company announced same store sales had dropped a couple points, and the Street cut that one in half. Still hasn't recovered, despite continued growth in the 40% - 50% range.
- Jeff |
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To: W Shakespeare who wrote (150) | 7/22/1998 2:41:00 PM | From: Jeff Mulder | | |
Everyone remember this press release? It's only 7 weeks old:
Aavid Thermal Technologies Sees Performance On-track; Company Expects To Outpace Electronic Industry Performance
Business Wire - June 02, 1998 15:13
CONCORD, N.H.--(BUSINESS WIRE)--June 2, 1998--Aavid Thermal Technologies, Inc. (Nasdaq:AATT) management stated today that its business remains strong and on track with expectations. Ronald F. Borelli, Chairman and Chief Executive Officer, stated, "The recent weakness in our stock, including the substantial decline on Monday June 1, 1998 has no direct correlation with the business conditions the Company is experiencing. The growing need for heat dissipation in a broad array of computer and communications components and systems is creating new opportunities and growing demand for our products."
Borelli continued, "In our most recent quarter, ended March 31 1998, our revenues grew 62% and our EPS increased 59%, both well in excess of the electronic industry in general. We expect to significantly outpace the industry's performance again this quarter." |
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