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Strategies & Market Trends : The Market Beacons

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Magnatizer who wrote (320)	3/7/2001 7:10:17 PM
From: JoeinIowa	Read Replies (2) of 1298

Mags, It looks like COMS has broken down on the tech side. I'm still holding July 7.5s so the question is how far will this drop? They have $7/share in cash or about $2.5B. They plan to lose 200-300M in the next quarter but hope to turn it around by the end of the year. Maybe one of the other tech giants will come buy them out. They are practically free at this price. Joe

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