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Technology Stocks : Catapult Communications Inc (CATT)
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To: Keith Sprague who wrote (158)9/4/2000 11:15:58 PM
From: Byron Angel  Read Replies (1) of 184
 
Keith,
I also recall hearing management say that would like to increase the float. On a possibly related subject, Dr. Karp has stated on a couple of occasions that he is interested in doing some acquisitions. Once the share price gets up to $40, he will be in a position to use the stock to make acquisitions. One thing I've noticed in the 9 months that I've owned CATT is that their PR/IR has improved enormously over that period. One reason could be that since Dr. Karp owns a very large block of the stock he is obviously interested in keeping the price up. But another reason for the improved PR/IR could be to get the stock up in order to do acquisitions and at the same time increase the float.
Byron
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