Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! Message Board

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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!

RACE 384.98

+0.9%

3:59 PM EST

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To: Don Hood who wrote (32608)	7/1/1999 8:01:00 AM
From: WW.com	Read Replies (1) of 33268

Why do you say that Don..the stock went down before this announcement. Under the circumstances this is GOOD NEWS for Race. > Cash is now not a short term problem...they have more time to find a buyer > Although they have given up common shares, if they find a suitor the suitor has to buy more shares BUT there is also $6 million cash sitting in the bank...so any purchase price shouldn't change. > The company did NOT issue any sort of discounted convertible preferred as the shorts were hoping for. It looks to me like some were expecting a discounted convertible preferred and that's why the stock has been drifting downward, BUT this should remove that fear. Hey, I'm not at all happy as to where we are with Race, BUT under the existing circumstances (which were already built into the stock price) this is GOOD NEWS, anmd I would expect the stock to go up from here, AND this allows Race or Robinson Humphrey's or someone to locate a buyer under circumstances that are not as desperate as they would have been without the $6 million cash.

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