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Technology Stocks : Actel [ACTL]
ACTL 0.00010000.0%Jul 16 9:30 AM EST
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To: Tom Todd who wrote (656)7/30/1999 4:13:00 PM
From: William Grady  Read Replies (1) of 674
 
Tom,
What do you think of Gate's chances? They have been dropping like a rock all week; today they finally had an up day; it looks like they may have finally found a bottom around 3 1/2. Since Actel does have a large interest in this company it may be appropriate to discuss it a little here. I think it is an extremely high risk stock with the potential for a total loss of all capital invested or could be a gigantic winner if the ProAsic devices become big sellers. I have a small position I bought at around 6 and have about a $2500 loss. I'll probably just keep it for the long term; I can't really see selling or buying any more right now. With only 4 million shares and a market cap of only about $16,000,000 it probably wouldn't take much good news to move the stock higher. On the other hand if Actel hadn't bailed them out with that last $8,000,000 they would be bankrupt already. It looks like Gate's share holders are going to be in for a wild ride and the only thing I know for sure it's not going to be boring. We have both been following Actel for a long time and they have never quite been able to get their act together and become one of the major players in the market. Do you think the ProAsic devices have enough potential to make that final step if Actel can market them effectively?

Thanks for any comments you may have; I always enjoy reading and respect your opinions.
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