ACTM $100 Million Cable Modem Contract with MOT Message Board

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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: joemjo who wrote (1052)	7/23/1999 12:03:00 PM
From: jeffbas	Read Replies (2) of 1250

My concern was not large about the chargeoffs. However, the price of a stock properly should reflect the potential for missing the results projected, which is considerably larger here than with the premier companies. ACT's estimates do not include CMCI which has been losing money. CMCI's largest customer DIMD is in poor shape and planned to be taken over - which means they might lose the business or it might become more solid. ACT's balance sheet without a Cortelco IPO will be quite poor and with it just mediocre. Neither mgmt has done well with their companies, and do not deserve much respect. Stocks rarely sell at an apparent discount without reasons. The trick as investors is to understand what the reasons are and decide whether you agree with them and feel comfortable.

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