A fresh breeze has blown through DianaCorp (DNA), bringing stability and responsibility.
The investment banking firm of Hambrich and Quist has been hired as DNAs advisors with a stated goal of "maximizing shareholder return", Concentric Networks has purchased and addional 20+ multi-million dollar internet switches, partnerships and R&D agreements with other stable companies are signed or being worked on... gee, DNA sounds just like a real company now.
Actually, at the core it always did, it's just that some folks wanted to get really rich-really fast. Happens frequently.
As previously correctly stated, now that the speculative mania is over... DNA will now be valued fairly on the strength of its products, market, and relationships.
As I predicted, it did not fall below $25 and will now climb based on the successful fulfillment of the CNC contract, the hiring of H&Q, the very large blocks held by certain companies and individuals and the incredible size of the short position.
The market for their products (from their subsidiary Sattel)is just opening up. As a technologist, I have a good if not great feeling about this company now.
One new sale and the shorts will have to cover. Then, we will see $60, this time based on reality.
Scott |
