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Technology Stocks : Elastic Networks: ELAS (Nasdaq) ELAS
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To: mact who wrote (95)10/18/2000 10:02:51 PM
From: teevee  Read Replies (2) of 173
 
mact,

As you are well aware, many high tech fliers have lost 90% of their value. ELAS is just late coming to the party. Until ELAS can put together at least 4 and preferably six consecutive quarters of increasing sales and earnings, a $1.50 is all it might be worth. You might have noticed that in spite of increasing sales, ELAS continues to lose huge amounts of money. Welcome to the world of value investing. Ask yourself, if the ELASTIC division and product was going to be a big winner, would Nortel have dumped it?

regards,
teevee
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