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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Curtis Frazier who wrote (495)	6/26/1997 7:51:00 AM
From: R. Bond	of 10786

Curtis, I think, as others have said, that Y2K stocks are "different". There IS a lot of hype and, therefore, a certain amount of mania around the sector which cannot be ignored. One must be extra cautious when letting your profits run. Things can turn quickly here. When? Who knows? Check out the Zitel thread/price chart: A recent private placement that gives the finger to shareholders, no earnings, a rotting core business, 'value' based on 30% ownership of a Y2K solution company with no clients/revenues and an unexciting product, Zitel's CEO said in April that the business may not be 'viable" by autumn, and 37.5% of the float is short. Market cap = $301.5 million The price has had strong support around 20 recently. Go figure. All the best, Bond

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