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gejebr

03/26/04 11:54 AM

#64632 RE: GE_Jim #64626

Kind of a wishful thinking/tongue-in-cheek question, but what sort of time frame/news scenarios do you think it might take to reclaim the Mar 10th gap? e.g., will slow but steady progress in minor licensing advances, ala HTC, SWIR in combination with anticipation/achievement of decent/strong 1Q earnings suffice, or do we need announcement of one of the hoped for big licensing events, or the obvious fix all-resolution of a big issue like NOK/SAM?

I'm thinking in terms of the next 2-3 month and 4-6 month time frames.

My opinion is the recent downdraft was way overdone, especially since it seemed even more severe than last July's response, on much less negative news. I would have expected a brief drop, maybe to 18-19, but a fairly quick recovery above 20. In my estimation, a (hopefully) single quarter revenue slip in the face of a steadily accelerating 3G rollout should not have a major long-lasting impact on the share price, maybe a point or two, that should be recovered even with a slow-steady news progress over the next couple of months, say by earnings. Similarly, the Nok news wasn't what everyone was hoping to hear, but again I don't see it as a fatal flaw. Within 4-6 month from now, it seems we'll again be within a reasonably close window of finalizing the arbitration, which should be favorably reflected by the share price.

pardon my rambling response, interested in your thoughts on our upward climb from here from a TA perspective.

thanks

btw - today is a very welcome change