Executone Information Systems (o-XTON) Message Board

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Technology Stocks : Executone Information Systems (o-XTON)

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To: Arthur Tang who wrote (241)	6/14/2000 11:05:00 AM
From: Arthur Tang	Read Replies (1) of 243

Latest conference call had the telephone operation sold. Revenue from the sale has been booked but is still restricted. Healthcare sale is going to be firmed up, but all healthcare business is slow. I have been stockholder since the middle 1980s. This company has evolved to software programming and into e-gambling business. The burn rate is now $1 million per month. Cash as of May 31 was $18 million. The obvious outlook of this company is rosy. But the technical analysis of overbought and oversold tells more of the story. Insiders had sold, but insufficient to swing the stock to oversold. Their plans to court the investors and add brokerage offices for distribution will in time revalue this stock. Currently shorts are about 850,000 shares. Company could sell some stock to cover the shorts by market makers. If done gradually, the bulk of the last selling price could improve. This company has the same fate and destiny as CCUR, rosy future that has not materialized yet. CCUR added some brokerage distribution in 1998, sold some stock to raise some cash, and went from $3.5 to $24 now settled down to about $10. I knew it well.

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