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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT
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To: Rob Preuss who wrote (1226)1/24/2001 9:56:14 AM
From: James1000  Read Replies (1) of 1250
 
Too bad you didn't get back in on ACTM when it was at the $10 level. I suspect that ACTM will do very will even in a downturn because of this snippet from a Lucent press release:

"The Murray Hill, N.J., company said it will reduce expenses by $2 billion by cutting jobs, eliminating some product lines, writing down assets and outsourcing more work to contract manufacturers."

As you can see even when electronics makers are reducing their product lines because of poor performance they are actually increasing their work to outsources.

If ACTM can get the contract for the IT boards then this company would be able to meet its extremely high analyst expectations.

I did not manage to get any stock at the $10 level because I was already margined around 30%.
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