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Non-Tech : Amati investors
AMTX 1.610+0.9%3:10 PM EST

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To: pat mudge who wrote (13864)4/9/1997 11:20:00 PM
From: Phillip Bucchi   of 31386
 
Pat,

Have been away from this board for the past six weeks, AMTX was 14+ but headed down. I raised the question concerning their ability to close contracts. The stock is down to 9-, Aware has closed a number of deals, the isiders(despite what they tell you the reasons are) have sold stock from 17 on down) and Cisco has taken over an ADSL company. Now being down 7+ points on my average position, it finally crystalized what is wrong with this company and it goes much beyond PR. Management may be bright academically and tecnology wise but they can't close an order. They don't have a Bill Gates(who does) or Larry Ellison who demands results.

The bottom line is their management is extremely suspect. Companies with good technology and lousy management seldom make money for their investors. Personally I thought I learned my lesson; Unfortunately I let the talk on this board distract me from I normally have viewed as a steadily deteroriating technical action of this stock. Like many investors(I'm afraid including yourself) it results in investment with your heart rather than your head. Experience has tought me that this type of investing can and is usually very costly. AMTX is no different.

Phil
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