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Technology Stocks : Essex International, Inc.
SXC 8.000+0.6%3:59 PM EST

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To: Alex Engelgardt who wrote (2)7/4/1997 11:57:00 PM
From: Sparky Beardslee   of 36
 
Alex:...SXC went public at a time when the market was weak. They decided to go ahead with a reduced price. They also sold a small amout of shares. I am told some companies like to do this to get the price up in order to get higher prices when they split later. They are covered by at least three large brokerage houses, and did have a bang up Q1. It will be interesting to see how Q2 fares. By the looks of the stock price, the three brokerage firms' inside knowledge of their rev's, etc., I see this one going to new highs.

Sparky
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