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3 of 3 people found the following review helpful:
5.0 out of 5 stars
Pretty good, 18 Jan 2001
By A Customer
Background: MA student at Edinburgh Uni, non bus. background. Value Investing and Tech slant.The main premis is that a tech-product's life can end quicker than expected, or some other event can damage earnings, like a write off. The uncertainty can lead to the stock becoming attractive. The management/ new management introduce the second generation product or otherwise go on to grow the business at at least 25% compounded. He discusses filters such as absolute Price/ Sales Ratios, and absolute Price/ Research Ratios, and a 'formula' to predict future margins. He also covers some basic qualitative-analysis points - like CEO's, Marketers, Fin. Strength, Market Leadership/ Potential, the Market etc. I know that Dell, and Oracle have had negative earnings quarters before, because their growth has led mistakes - and listened and learned. However don't assume you will be able to use the ideas contained in the book for investments without being a professional investor. It is useful as an investors view on what makes a super-tech-company, and what entrepreneurs should look out for in high-growth situations. He currently runs Fisher Investments.
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