RE: Extropian Investing
Tue, 14 Oct 1997 10:15:21 -0700 (PDT)

At 12:53 PM 10/13/97 -0500, Ed wrote:
> Ramez Naam wrote:
>> What I'm really saying is ~500% growth every 5 years, which averages out
>> to about 40% per year. The key here being to buy growth stocks and hold
>> on to them. Some years you will make nothing or even lose money. Other
>> years you will get 100% growth. In the span of one year the investment
>> can be viewed as high-risk, but over 5 years it's a low risk investment
>> with very high returns.
>What companies would you recomend? It seems that everyone agrees this is a
>good idea, but I haven't seen a lot of specifics.

My investments tend to be somewhat time sensitive, but I have a couple
recommendations that are good at this moment:

1) Triquint Semiconductor (TQNT - 29-5/8 per share): Excellent
investment, both short-term and long-term. Expect at least 40% growth in
the next 12 months. The stock price dropped sharply recently because they
said they expect earnings to be less than predicted for a couple quarters.
Wall Street, as usual, overlooked the fact that they are still returning a
very good EPS and are continuing to grow rapidly. Unnoticed for years,
this gallium-arsenide semiconductor manufacturer (no significant
competitors!) has entered a boom as demand for efficient wireless
communications and high-frequency circuits grows.

2) Informix (IFMXE - 7-1/8 per share): This is a more speculative
investment, but fairly sound. Wall Street often confuses management
problems (and Informix has had some serious ones recently) with product
problems, leading to the current rock-bottom stock prices. However, as
soon as the new management is in house I expect the price to rise to
somewhere between $12-15/sh (far below recent historical prices) in the
next 12 months. In general, management problems tend to be transient, and
product problems tend to be more persistent. The current steep depression
is a management problem and should rebound for a healthy profit if
purchased while it is in the nether regions. At this price it would be
hard not too make a reasonable profit in an acceptable timeframe.

-James Rogers
(resent after an explicable inability to deliver to