The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (47054)	5/29/1999 11:49:00 AM
From: MARK C.	of 90042

Kathy we have been playing networker stocks for months now. I first ran across NWK around 7 and have watched it climb slowly for the past few weeks. They are 90% owned by institutions and selling below book value and they have cash in the bank. They got hammered because earnings and sales fell dramatically last year. But the whole industry did for awhile while companies spent that money for Y2K compliance, and add in the asian crises and europe changing their currency and I think NWK is at least poised for a turnaround from here. At this level I have to believe they would be an attractive takeover candidate but that is only my opinion. I have been watching NWK trade for weeks now and recently the volume increased considerably on little news. Wen. over double average volume, Thursday double and then Friday they had their second or third highest volume day of the last 18 months and up $1. I am in a few at 8 7/8 and bought all the way up to 9 13/16. I also like this part from the last press release I posted: "The LWX Edge Router software code is based on the industry-leading Cisco IOS software code. N.E.T. is one of a few vendors that have full license rights to Cisco's IOS code in use on a successful multiservice platform. N.E.T. ports the code over to its own router hardware module that fits in an internal slot in the Promina 800 Series platforms, which can integrate circuit, IP, and frame relay traffic for adaptation to ATM services. N.E.T. has been successfully supporting multiservice IP networks with large clients for years.!" Anyway NWK is just a stock I think is a good investment for me and it is my largest holding at this time. :-) MarkC

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