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Technology Stocks : Praegitzer Industries (PGTZ)

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To: rich evans who wrote (51)5/12/1997 6:50:00 AM
From: Creditman   of 196
 
I am sure you saw the recent news about the management changes at PGTZ; the expansion of their management team. Both the finance guys are very sharp. Both Scott and Matt are very young, dynamic, hard working individuals. The technology guys being added are sharp too and although I am not technically competant to judge their credentials, the sales and technical people I speak with at work are impressed with them.

I also feel that their will be more consolidation in the industry driven by the kind of buying leverage competition that the new Tyco, HADCO and other new combinations will bring to bear on the mid-sized companies like Continental and Praegitzer. If I own several, maybe I will get lucky and oneof mine will get scooped up at a premium price.

Like you, I don't buy mutuals except for the 401-K stuff where I have no choice. I do better on my own than any fund I have ever heard of. It's true.

Do you have ELEX? That is numerically my biggest holding right now. The stock has gone from $10 to $20 - $25 three times lately and at $13 presently is in an upswing. Also, ELEX with it's great geographic coverage (CA North & South, UK, NH) looks to me to be a great acquisition target. I also believe that Milan (ChB) is one who would be acquired quicker than most as demonstrated by the way he acted a few years ago with Sanmina.

Good trading!
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