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Technology Stocks : Paradigm Technology(PRDM)
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To: Susan Saline who wrote (127)5/20/1997 1:37:00 PM
From: William Shen   of 259
 
Hi Susan,

I would not use TA to determine whether PRDM is a good buy or not. PRDM is still not yet out of the woods. Last year it acquired New Logic in the hope of diversifing out of the SRAM business. This is an indication that management is no longer confident about the future prospects of the SRAM market. This is indeed true since the SRAM market has not yet made a successful recovery like the DRAM market. Unfortunately, the New Logic thing never worked, and PRDM has decided to stop playing with the new acquisition. In conclusion, PRDM is stuck in the SRAM market which is unlikely to recover in the near future, and has wasted over $4 MM in unsuccessful diversification. The lawsuit could potentially make a significant negative impact on PRDM's bottom line if PRDM is proven to be guilty. I would suggest that you think twice before launching into this stock.

Best Regards,

William
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