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Non-Tech : Amati investors
AMTX 1.360-1.4%Dec 26 9:30 AM EST
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To: Eric Goethals who wrote (15357)4/27/1997 12:54:00 AM
From: pat mudge   of 31386
 
[Fund Managers]

<<<With all due respect Walt. My parents always taught me to seek second opinions before making up your mind on things. Is there another person, with qualifications, who can substantiate what it is Walt is saying here?>>>

I know for a fact the Salomon Bros. Telecommunications analyst is anxious to cover Amati but is waiting for a contract with numbers. Until there's some indication of how many lines are likely to be purchased, even initially, earnings are difficult to project.

I don't discount all of Walt's posts, but after saying: ">>Yep. If they had liked the story they would have started buying the stock by now. If they had started buying the stock it wouldn't have hit a new low. It did, ergo they didn't. (At least not through yesterday; today MAY have been a different story, but you'll have to ask the tapewatchers that)>> I realize we all have days when our reasoning is a little fuzzy.

In place of "ergo. . ." I might have said, "it appears as though. . ." or "not many are likely to have. . ." or some other qualifying comment.

I still maintain the analysts are sitting on the sidelines because with the price steadily eroding there was no hurry to jump in. I also predict that's about to change.

Cheers!

Pat

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