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Technology Stocks : MXWL Maxwell Tech-Food Zapper kills bacteria FDA OK'd
MXWL 4.4800.0%May 16 4:00 PM EDT

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To: Investor Clouseau who wrote (502)9/22/1999 4:38:00 PM
From: kendall harmon  Read Replies (1) of 509
 
MXWL--Excerpt from Dow Jones story:

<<"The selloff on Maxwell stock is a major overreaction," Maxwell Chief Executive Tom Horgan told analysts in a conference call. "The company will continue to sustain growth and have a profitable year."

Hambrecht & Quist's Arsenio said now that the stock has plunged, it appears to be oversold. "This company is worth more than $12 (a share)," he said.>>

So even the H and Q analyst who downgraded the stock today admits that the response was overdone.
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