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Technology Stocks : CGRM Centigram

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To: Red Dragon who wrote (123)6/20/1997 2:36:00 PM
From: Mr. Sandi Lieu   of 333
 
Nothing, operationally speaking, looks good. In view of the negative earning to be reported next quarter and uncertain prospect under the new management, it is surprising CGRM is displaying market strength. There is probably some good news out there we don't know about yet.

I am holding on not bacause of any fundamentals that I understand, but because Fidelity had recently bought. I suspect they have bought additional shares since. I don't think they would dump the stock any time soon, since the bad news of the last quarter were probably mostly known to them when they bought the shares.

Did you read the article in San Jose Business Journal on June 18 about a real estate deal CGRM is now trying to get out of ? CGRM had leased some space when George Sollman was still around.
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