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Netgear Inc. Message Board

  • ishortwomanceos ishortwomanceos Oct 30, 2003 8:10 PM Flag

    The initial IPO price for this stock...

    was established in the $10~12. It was then raised to $14 due to the strong stock market.

    However, $10 is a realistic price for this stock. NTGR is decent at marketing and this market is doing well, but their product is a commodity. An interchangeable part. People buy based on price.

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    • The support for this stock was around $16. At these prices it is a bargain for such a strong competitor in a growing market space. All computer products are purchased based on prices. Netgear supplies a superior product at a cost-effective price point. That ensures viability. Cisco wouldn't have bid 500 million for Linksys if they weren't missing out on much. Home and small business networking is growing exponentially and the competition is heating up. Netgear doesn't have to be number one to elevate its stock to new heights. However, they have a very good shot. The selling off today was due to manipulation followed by nervous investors that initially bought on a whim. It was oversold and will rally. Hold on or buy more at these prices, anything under $16 is good for a 20% gain inside of 6 months.

      • 1 Reply to joshuakuo23
      • >Netgear supplies a superior product at a cost-effective price point.

        Disagree. Netgear products are virtualy identical to other products on the market (except the very low end of Asian goods). Moreover, Linksys/Cisco seem to be very good at always undercutting Netgear on price (through their volume most likely).

        > The selling off today was due to manipulation followed by nervous investors that initially bought on a whim.

        It appears to be more than that to me. Retail investors are nervous and selling because this stock is getting no institutional buyside support. (chech the thompson site)

        >anything under $16 is good for a 20% gain inside of 6 months.

        Hope this does not sound greedy, but I hate to overpay for anything. This stock is going down when the market is going up strongly. Personally, I'll be interested around the $7.80 level. Check out the charts on PCLE.

        NTGR reminds me a lot of PCLE. Good marketing in a growing area, but a commodity product with no pricing power.

        Just my thoughts.

 
NTGR
31.28+0.03(+0.10%)Oct 1 4:00 PMEDT

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