LANOPTICS (LNOPF) Internet Firewall Message Board

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Technology Stocks : LANOPTICS (LNOPF) Internet Firewall

EZCH 25.49

0.0%

Feb 23 3:00 PM EDT

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To: Al Ghiorzi who wrote (41)	1/23/1998 10:58:00 AM
From: Bill Geiser	of 49

I'm hopeful, but not as optimistic. Both US and Israeli management has had ample time to turn this around. Their failure to do so would seem to indicate they lack either the necessary talent or resources (or both). Compounding this further is mgt's inablility to articulate a believable and cogent plan for moving forward. This poses a serious credibility issue. Case in point - what did the stock buy-back program accomplish? It was initiated when the stock was hovering around $6/share. It's now sinking below $3/share. The good news is they do possess some superior technology. However, without talented and experienced management this means very little. Realistically, the best I can hope for at this late stage is for Lanoptics mgt. to be smart enough to accept an offer to be acquired - even at book value - should one come by. Let's hope it does.

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