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Technology Stocks : ProxyMed (PILL)
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To: ubrx who wrote (223)5/2/2000 4:14:00 PM
From: tuck   of 261
 
James,

I'm guessing the latter. Tough to evaluate until the conversion terms are available. Company insists its business is OK. I sort of wish they'd held off announcing some of the news they've put out recently, which got wasted in the face of this double whammy. Though you can't hold off earnings reports. Now they'll have to spend dough saying it again and again. Note that they have not reached agreement with ~13% of the preferred holders.

I say watch, and nibble if you're in a gambling mood and worried about missing a ground floor opportunity -- which even if you join at this stage could still mean the chance of being in the class in the class action suit that is almost sure to come. I say that only partly in jest.

Cheers, Tuck
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