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Technology Stocks : Extended Systems Inc (XTND)
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To: uthabros who wrote (381)6/3/2001 9:33:04 AM
From: Labrador  Read Replies (1) of 403
 
Actually, I listened to the conference call, which is still available in playback. I was actually optimistic about the future of XTND.

Cutting costs, breakeven by June 2002, having $5.5 million of cash and an untapped line of $10M, new licensees, and a very enthusiastic management team.

I personally would not be surprised to see XTND hit $12 by end of July, once the Palm arbitrageurs clear out. Further, I think that they may sell out and I would expect a price in the $16-$20 range.

In any regard, I bought shares on Friday [averaging down].
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