Replies to post #25449 on Zeev's Turnips Patch-No Politics (ZEEV)

[Lane Hall-Witt]

"Christmas is going to be far below expectations," said Samir Mehta, who helps manage US$2 billion in stocks for Lloyd George Management in Hong Kong and is planning to sell his stake in MediaTek. "The spending pie has now been taken away by cars."

Remember this quote over the next few months when the analysts start to chatter on and on about the "mystery" of a profitless recovery.

[JLSegal]

AKVetch, thanks for the story. I'm a bit surprised ZRAN hasn't issued a press release responding to the sharp drop in their share price. However, even if they did confirm 3rd Q numbers, (as I understand they did in an analyst meeting about 1-1/2 weeks ago), I still fear a downward revision is possible for 4th Q. As for ESST, my biggest disappointment is the magnitude of the drop in 4thQ expectations. IMO, it will be quite some time before ESST share price recovers, as the CEO has lost quite a bit of credibility. ZRAN does look tempting at this price level, but, not until they issue some statement regarding 4th Q outlook. Hopefully ZRAN won't make me wait until their 3rd Q earnings release before providing a 'green light' forward outlook;-)