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Non-Tech : Pitney Bowes (PBI), integrates Cybercash (CYCH) solution
PBI 9.815-0.7%9:30 AM EST

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To: Jaime Leiderman who wrote (5)11/12/1998 6:00:00 PM
From: EddieMacG   of 6
 
I suppose they would be an attractive takeover target but I seriously doubt that management would be interested at this early stage of business development in selling out. Their answer to any inquiry might be : "come back in about 5 yrs". However if they run into some stiff competition from someone with much deeper pockets, they might accelerate this estimated timetable. CYCH looked very good today. I was asleep at the switch on the opening and with Melton on CNBC. I tried to get 12 for 3m ss on a quick trading profit but was too late. It dropped back as I thought it might as the day wore on. Perhaps we'll see higher prices as we get into the hoped-for Christmas/year-end rally.
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