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Technology Stocks : Nimbus CD International

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To: Jim Fraser who wrote (1622)	6/16/1998 8:54:00 AM
From: Tom M	of 1673

Sorry to hear the low offer for the die hard longs. I've been in and out of NMBS the past couple years. My biggest fear while holding, was a fear that NMBS really never paid its dues. Its Price/Book range was a low of 3 to a high of 9.9. How many IPOs never trade below 3X book without killer earnings? Watching the inability to breakout lately, I think they were perhaps afraid of testing book (I was) which was about $4 I believe. Perhaps it can ease the pain thinking of how good $11.50 is vs if it was going to test book during this correction. best regards to all, Tom

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