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Technology Stocks : COM21 (CMTO)
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To: Henk Wondergem who wrote (2154)5/31/2000 3:47:00 PM
From: pat mudge   of 2347
 
If only someone can explain the math...
I must be missing something

There's an energy in place that has nothing to do with fundamentals.

From their 10-Q:

Four customers accounted for approximately 64% of our revenues for the quarter ended March 31, 2000 and three customers accounted for approximately 63% of our revenues for the quarter ended March 31, 1999. We believe that a substantial majority of our revenues will continue to be derived from sales to a relatively small number of customers for the foreseeable future. In addition, we believe that sales to these customers will be focused on a small number of projects.

We know Shaw and Rogers were among the top four, and we know they could have bought warehouses full of products and still made out like bandits, so one has to wonder how TERN's other products are doing and who's buying them and in what amounts.

I'm convinced the CMTO-TERN story will be a real-life enfolding of the Tortoise and Hare. I have a full position and plan to hold long term.

Pat
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