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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 2.160-1.4%Nov 28 9:30 AM EST

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To: Paul Lee who wrote (8738)4/27/2000 12:20:00 PM
From: KHS  Read Replies (1) of 9236
 
I looked at VRTA's numbers last night. They show big increase in chip sales but very minimal increase in royalty revenue. Gross margins on chip sales much lower than gross margin on royalty. I just don't see the huge potential with VRTA and surprised they (Warburg) have not endorsed AWRE to the same degree.

They don't agree with us. Can't wait to find out the final answer.

Maybe Warburg has folks shorting AWRE as a hedge on an AWRE long position. Just waiting for the right time to unlock the short position and run it.

Keith
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