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Technology Stocks : Official Payments Corp. (OPAY)
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To: Tom Hua who wrote (27)4/20/2000 6:40:00 PM
From: Glenn Petersen   of 50
 
Tom, a shudder just ran through my body when I saw what happened to OPAY today. I wish it had been on my radar screen because I like this company and I think that your entry point is an excellent purchase. Assuming no excessive pop at the open, I will be a buyer on Monday morning. OPAY is sitting on approximately $3.50 per share in cash, they have what appears to be excellent management, they have a first mover advantage and they have a business plan that should ultimately lead to profitability. The extent of the first quarter losses did not surprise me. They have been doing a lot of advertising in the Chicago area. I wish that I had been more alert today. Hope the last few weeks have not done too much damage.

Regards,

Glenn
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