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Technology Stocks : TranSwitch Corp: Will they get Zenith Business?
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To: The Ox who wrote (622)6/14/2002 6:48:37 PM
From: tejek  Read Replies (1) 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.

As far as I can tell, the mgmt of this company always have been clueless. I traded it when it was in the $50s and $60s. I had no idea it had fallen this far. Why the huge drop off in sales........any idea?

ted
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