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Technology Stocks : Seac - Seachange New IPO
SEAC 3.350-4.6%Oct 22 10:15 AM EST

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To: Aluri Krishna who wrote (6)11/19/1996 11:49:00 PM
From: WaveSeeker   of 431
 
I got in on IPO day at 18 1/2 and sold today at 26 even; however,
I'm beginning to think that this was a mistake. Here are my
reasons:

1. Revenue and earnings are growing 15-20% per quarter. Further the company announced very good earnings.

2. The company is beautifully positioned. Currently, their bread-and-butter product is digital video ad insertion software for the cable industry. This is the tip of the iceberg - the software is perfectly suited for video on demand, whether or not it's sold to cable companies or telcos.

3. The company was started by several ex-Digital engineers with whom I have worked closely and for whom I have the greatest respect. Their lead engineers are damn good.

I sold today because I believe the stock is slightly expensive,
but I'm looking to buy any dips. What makes me nervous is that
there may not be a dip for the next 10 points or so.

- Mark
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