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Technology Stocks : INRANGE Technologies(INRG)
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To: mact who started this subject2/28/2001 4:38:35 PM
From: sharesighted  Read Replies (1) of 40
 
Seems buyback is PR to offset 75M shares unlocked.»
With P/E of 112 and sales/shares of $2.78,
I think this stock will see $4 eventually.
March 20th 75M shares are unlocked by SPX corp(nyse:SPW).
Think they may want to sell a few shares
or spin them off?
What would that do to an 8.8M float?
The SPX shares have 5 times the voting rights of the common float.
So the unlocked shares will be more sought after than the float?
In an area that is in a profit recession.
Estimate for March quarter is 3cents down from current 9cents.
Perfect to short.
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