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twill009 12/5/2012 | 3:16:58 PM
re: That Gilder Touch I agree with the post that Gilder is good on the out-of-the-box vision thing but very bad on the specifics. In particular, he glosses over financial details (a.k.a. profits) and valuation. As a former speechwriter, i think he often gets carried away with the colorful prose he loves to wrap around arcane technology ideas. I am a little amazed that he still has a following, particularly when his approach and methods seem to be the same that blew up his readership at the start of the decade.
twill009 12/5/2012 | 3:16:58 PM
re: That Gilder Touch Case in point: the company is losing money hand over fist, with no time horizon or suggestion that it will ever be profitable. LNOP is currently valued at over $161 million but had less than $7 million in sales over the last 12 months (through September). Design wins? Great. Profits? The promoters of the stock won't say. Beware of this one.
Mark Sebastyn 12/5/2012 | 3:16:57 PM
re: That Gilder Touch Scott-

I went and blogged the whole event. It wasn't bad at all. You just fall asleep, and wake up and everything is better... you should go too.

My articles and notes:


whyiswhy 12/5/2012 | 3:16:56 PM
re: That Gilder Touch Casting a swine before pearls?

Scott Raynovich 12/5/2012 | 3:16:55 PM
re: That Gilder Touch Excellent, thanks! I will have a read.
Pete Baldwin 12/5/2012 | 3:16:54 PM
re: That Gilder Touch > But, I suppose if you want some solid thinking on anti-feminism (he's written 4 books on the topic) and intelligent design, he's your man.

He's also a big disbeliever in global warming, fwiw...
puffer 12/5/2012 | 3:16:53 PM
re: That Gilder Touch Most comments in this thread are really clueless and obviously made by those that are not keeping up with either Gilder or EZchip. Burning money hand over fist? Their current burn is minimal and the company has a solid balance sheet with plenty of cash as they prepare to ramp. Ask yourself why JNPR is building their entire next gen product line around EZchip... and why CSCO is now designing key products around EZchip as well. Yes, the company will probably tap the markets for cash eventually to support the kind of growth that they envision but the company currently only has about 11 million shares out and is sensitive to the issue of dilution. As confirmed by the independent research house, Linley Group, everything Gilder said about this company 5 years ago is now coming to pass. Your time horizon? Profitability in '07, screaming by '08. By the way, Gilder staff is now doing financial analysis on companies he writes about. '08 estimate is well over $2.00 in EPS based on some fairly reasonable assumptions, even conservative in some cases. Stock investing is about getting in before the crowd catches on. Dig a little deeper, odds are you will like what you see.
twill009 12/5/2012 | 3:16:52 PM
re: That Gilder Touch In the last four quarters, LNOP's EPS has been negative 79 cents. That is what i meant by "losing money hand over fist."

Gilder has been predicting this thing would be a monster for many years. It is not "news" that Gilder is projecting sales and profits for his picks. For example, see his 2004 newsletter http://www.ezchip.com/images/p... (modestly included on the EZChip web site) that predicted EZChip would reach $50-60 million in sales in 2006 -- looks they are on track to miss that number by 80% or more -- and net income of $25 to $41 million. As mentioned, they instead lost millions in 2006.

In typical Gilder fashion, he has just pushed the time horizon further to the right. Maybe this time he is right, but potential investors should definitely check their facts.
lightreceding 12/5/2012 | 3:16:42 PM
re: That Gilder Touch Lots of opinions and assertions but no facts to back them up. How would you know if JNPR is using EZChip. I don't think they have commented on that. How does anyone know what EZChip will be doing in a few years? How do you know the assumptions are reasonable or conservative?
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