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  • roger29palms roger29palms Jul 16, 2002 3:51 PM Flag

    Made a load on KLIC and SSFT today,,

    Going through my annual reports recently, I noticed that a dollar in EGLS since it's ipo is now worth 91 cents. I had AMD but bailed when Their PEG was nearly 12 despite the sell-off prices earlier this year. Opened my eyes to the technology sector. Lots of smoke but not nearly as much fire. Fierce competition requiring significant r&d.
    Thanks for the link.


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    • Mr. Palms,

      I am a long-term rider on the EGLS roller-coaster.

      If it's not too much trouble, could you check the ipo materials available to you to see what EGLS's book value and cash per share were went it went public?

      I would be curious to see how those values have changed over time.

      • 1 Reply to onuallainxx
      • onuallainxx,

        The source of my statement comes from the April 2002 proxy statement and can be seen on page 18. The 2001 statement had the same information. The graph shown illustrates that from 12/1996 to 12/2001 $100 invested in EGLS is now worth $91.60. In comparison, the nasdaq had a value of 153.15, and the value had climbed to 298.73 for an index of semiconductor stocks kept by J.P. Morgan.
        As I mentioned in the prior post, this graph and AMD's equally poor longterm results were eye openers for me. I'm sure there are many other tech stocks with equally dismal long term results. So much for buy and hold in this instance.
        As for figures that you requested I can't respond as I haven't access to the original values from EGLS' IPO documents. As much as the company has grown in my years of owning it I would assume the figures are less dismaying than those of the last 5 years but looking at today's $6 and change share price I don't care to look.