bashing. I am also NOT saying my point of few is
correct. I am asking open ended questions and I am also
trying to support my reasoning based on real info
supported with links, etc. I don't buy into the "everything
will be OK, just wait until next qtr". Heard that from
some other great companies like LU, MOT, AT&T, etc.
Bottom line, the proof will be in the pudding over the
next two qtrs. I may buy back in or I may not. I just
don't know right now. Regardless, don't let my
ramblings effect your points of view. Hopefully your points
of view are based upon facts and business
understanding. I'm rambling in the hope that somendoy can
provide some more concrete info as to what went wrong
during that two week period and how this thing could
unravel so quickly.
Thanks for your post. I agree with the majority
of what you said. If I am off the mark it isn't the
first time, nor the last. I just get sick of management
getting blamed everytime there is a short term downturn
in share price in any equity. If you are correct and
txbanker held this stock for 1 1/2 years, he still made a
tidy profit and to blast management because he sold at
the wrong time and no longer has a position is off
the mark also.
As for the insider selling,
personal decisions regarding individual shares is filed
with the SEC. Everyone can see it! I own my own
corporation, that doesn't mean I don't take profits for
different reasons. I also don't put additional funds back
into the company when it's earning profits on it's
own. I put it in other investments as a hedge against
an unforeseen downturn if it were to happen.
nt was evasive when I listened to the conference
call. They were very upfront in stating what caused the
recent downward revisement for Q4, and very bullish in
their belief this would be a one quarter problem esp.
with new generation phones coming out in early 2001.
Only time they were evasive or seemed to be, was when
asked what product and customer they were late in
getting the cutting edge wireless product out. They said,
they couldn't comment on the specifics of the product
or the customer as they can't; that would be inside
information. Analysts knew this and were cool about the
The main management mistake IMHO
was not being able to be a fortune teller and seeing
the slow down or delays in product needs and orders
due to Motorola and Ericcson and Sagem (the French
wireless co). These were mostly all beyond RFMD
management's control. I agree though with your take that many
other factors played a part in this overall downtrend.
Nonetheless, I share in management's bullish outlook for 2001
and the future of wireless and RFMD's continued
position as a leader.
RFMD management was as frank
and forthright as they could have been under the
circumstances. Who knows if they are right, but, given their
past track record, exceeding earnings estimates for
past 10 quarters, I will give them the benefit of the
doubt this time around.
you are way off the mark
here. you can comment on tx's analysis or predictions
if you want, but saying he has short term
perspective is flat out wrong. go back about a year and a
half in the message history if you don't believe
fwiw, i think this is a combination of mgt. mistakes
and a coincidence of bad events (dot-bomb meltdown,
overhyped 'analyst' wireless expectation, oil, euro rates,
etc.) -- these factors are all somewhat dependent on
each other, and losses in one feed losses in the rest,
and so on. that's the way downturns work.
mistakes, however, are another matter - i'm still undecided
on this, but mgt's evasiveness is disconcerting.
Truce! Our investment windows
are different sizes. I will not let this escalate to
personal attacks. I admire your style and your posts, but
the simple fact is that since the IPO I have not seen
management long term flaws. I don't base my opinions on a 2
week period, or one conference call. I still believe
that RFMD management is competent to get me an
excellent ROI 3-5 years from now.
A comparison may
be baseball again. The Yankees made some bad
decisions and lost a lot of games the past 3 years and they
have made trades that did not make sense, but the fact
remains they are World Champs 3 years running with
excellent managers.(Not my team, but I respect their long
I am sure that RFMD management
made some errors in judgement, but I have seen zero
evidence they attempted to deceive the public shareholders
in any way.
Good luck and God
TB, I agree with you. There still remain
questions that management could respond to that would help
stockholder confidence. The
hammering received exceeded
market moves in a
As an investor
on the negative side of the paper the matter of
confidence does'nt easily
translate into my portfolio
Easy to see insiders rah rah responses to
valid concerns. They certainly don't want any
Gee, neither do I. Guess company
leadership needs to open up.
I can appreciate your position. I also think that
the short term and long term future of RFMD is
bright, although it's going to take me a while to recover
from the beating, and you can bet I'll be more
Keep posting...as some of us like to hear bothe sides
of the story.
Sounds like the die-hard RFMD bull is out and
hoping for a much lower entry point.
I lost alot
of ira money on this thing and I can't even take a
tax loss. I need 25 to break even.
surprised you can forget all the positive things you said
about the company over one earnings warning.
I still am not sure this is "you" anyway.
asked about your "updated" portfolio a couple weeks
Some one should check the Yahoo club you were
associated with and see if the sentimate matches.
have seen the tone of an individual change when out of
a stock but this is a little much?
some of us appreciate you and sqz and all posters
who ask hard questions. Thank you. Following blindly
got me into this, and if I'm going to stay long, I
want to know why I'm staying, and your questions help
us assess the risk. Keep posting. Asking questions
is not bashing.