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Technology Stocks : Wind River going up, up, up!

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To: Michael Real who wrote (916)4/22/1997 11:46:00 AM
From: Mark Brophy   of 10309
 
Jerry Fiddler and David Wilner are no fools!

Here's an excerpt from the prospectus of the secondary offering:

SHARES BENEFICIALLY SHARES BENEFICIALLY
OWNED PRIOR TO OWNED AFTER
OFFERING SHARES OFFERING
------------------------ BEING ------------------------
BENEFICIAL OWNERS NUMBER PERCENT OFFERED NUMBER PERCENT
---------------------- ---------- ----------- ----------- ----------- ----------
Jerry L. Fiddler...... 2,707,038 19.27% 675,000 2,032,038 12.68%
David N. Wilner....... 1,932,093 13.76 400,000 1,532,093 9.56

Fiddler and Wilner are the founders of the company. They started it in 1984 and they
know more about the future of Wind River than anyone else. Anyone who buys Wind River
at a price > 18 thinks they know more about it than the founders.

Doesn't anybody ever read the prospectus? How much time do people spend researching
the company before buying shares?
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