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Technology Stocks : FirstWave Technologies (FSTW)
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To: snail who wrote (1318)7/19/1999 5:32:00 PM
From: Young H. Noh  Read Replies (1) of 9677
 
Another FSTW news at Bloomberg, which basically has a FSTW officer say that this contract was not a million dollar contract by any stretch of imagination, but that this will give a good name recognition. I agree with his analysis, and this is a definite admission by FSTW that the agreement was not big at all, giving more credence to the news put out by Anthony Pacific guy, although I myself do not know specific details. My analysis is that although this agreement will give it good name recognition and definitely help the company, it will not add significantly to the bottom line. FSTW has a lot of work to do to prove it deserves any price higher than 5 IMO. FYI, I am short a lot of shares at an average price of 7.7. I am reading this news in my favor.

quote.bloomberg.com
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