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Technology Stocks : TranSwitch Corp: Will they get Zenith Business?
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To: Outer-limits who wrote (621)6/6/2002 4:17:38 PM
From: The Ox  Read Replies (2) of 669
 
Until such a time as the company comes out and defends their stock with a buyback, the market will look at the stock like it has the plague. When you are sitting on $2/share in assets less debt and the stock is priced below $1 - what does that tell us?? It tell us that the company either doesn't have a clue or they are willing to let the common shareholders dangle in the wind. No one has been willing to buy the company or maybe no one has offered the right price.

I must admit that this one looks VERY tempting on paper. EDIT: until the management steps up to the plate and buys the stock, I'll wait...
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