TeraGLOBAL Communications Corp. (TGCC) Message Board

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Technology Stocks : TeraGLOBAL Communications Corp. (TGCC)

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To: Todd Blumer who wrote (189)	8/6/1999 7:20:00 PM
From: TheSlowLane	of 235

The stock has come down from $20 for (I believe) a number of reasons. The run up to 20 was too fast and without enough supporting events to sustain it there. The market cap for this company is still high relative to their revenues, customers, contracts, etc. The market cap at this point is still a bullish interpretation of the company's potential. Also, there is a possibility that some of the selling pressure is coming from Technovision shareholders that have been sitting on restricted stock for a year. Over on Raging Bull there was a post that indicated that these shareholders could turn their shares over to market makers 30 days in advance of the unlock date (8/11) and the MM's could begin selling them. I believe that is a distinct possibility. Finally, I think that this company is on the verge of getting a lot more visibility. Threads over at AppleInsider and MacOSRumors seem to lend credence to the speculation that AltiVec will be officially rolled out soon (within 1-2 months), as will Apple's G4 machines. I think that once those events occur, TGCC will have more leeway to get their story and their products out.

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