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Technology Stocks : p-com (pcms)

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To: lazarre who wrote (1280)1/14/2000 10:30:00 AM
From: Rob Preuss   of 1461
 
My 2 cents...

Alas, folks here who stepped up to buy at $6/sh didn't
know it would rise to $13/sh. [I, for one, foolishly
sold out at $9/sh.] These guys wait until its up over
$13/sh and *then* manage to buy in at under $6/sh.
It would seem more fair if they had to pay $10+/sh.

So... more dilution and less debt... that's the yin/yang
of this deal... but the bottom line is that they appear
to have sold off equity a little too cheaply in order
to worry less about their financial stability.

Rob
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