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Strategies & Market Trends : Sharck Soup
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To: ~digs who wrote (17808)4/22/2001 8:11:43 PM
From: American Spirit   of 37746
 
SCNT - coincidentally my brother just called and we had a long talk. He used to be an exec at SCNT leaving before the melt-down. When I told him I had bought stock at $1.10 he congratulated me. He said that SCNT toppers were aggressively pursuing a buy-out with IBM (SCNT CEO a former IBM exec) or HWP and that is was likely it would happen if not sooner then later. He also said SCNT's troubles are sector-related but that they are the best in the sector and sure survivors. They are no March First, he said. He said it was likely the stock will multiply in value from the $1 bottom as they have more cash than market cap and are aggressively moving to turn things around. - No guarantees but at least we know they're not going out of business and that the worst is behind them.
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