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Technology Stocks : GenRad Inc.(GEN) entering the ADSL market!
GEN 25.48-1.4%Nov 6 3:59 PM EST

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To: Kirce Stojanovski who wrote (77)6/10/1997 12:53:00 PM
From: Jeff Clegg   of 283
 
This stock has almost no following.

$10 million contract with Cabletron Systems and a product enhancement
announcement and the stock is trading lower at 12:30.

Anyone who is selling now is a certifiable idiot. Any institution
that is selling should fire whoever made the decision to unload shares. And any individual who is selling probably has a history of large losses in the stock market and or is a total MORON.

Genrad will shortly announce whether they won or loss a contract that
should easily be worth over $200 million in revenue (with high profit
margins) and people are selling before the news! What, is everyone
so risk adverse that they feel compelled to sell? I suggest they park their money in a bank savings account or government T-Bill.

If the company wins this contract, $30 per share is not an unreasonable stock price by the end of the year. If the company loses this contract then it is already trading at a large discount.

Regards,
Jeff
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