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Technology Stocks : ViaSat
VSAT 33.05+2.9%11:39 AM EST

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To: Christopher Gates who wrote ()4/18/2000 8:43:00 PM
From: Ed Mayer  Read Replies (1) of 1112
 
Absolutely Sickening. I had trusted management to do the right thing. I assumed the secondary would be postponed and was shocked to see it go through at $30. What could possibly be the rationale? To think the company should have gotten at least $50M more out of this deal. A big reason for the stocks move above $100 was the promise of growth, partially due to the extra cash to be on hand ... quite a bit of that growth potential disappeared today. I've got cash on hand myself, but I am not moving anymore into VSAT until I get some comfort back. Still long on what I've got until I get too scared.
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