Wind River going up, up, up! Message Board

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Technology Stocks : Wind River going up, up, up!

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To: Peter Church who wrote (10077)	8/12/2002 1:45:48 PM
From: Mark Brophy	Read Replies (1) of 10309

Are you ready to cry "uncle"? You’re not paranoid if everyone really is out to get you! Since you flamed me on May 14 when the share price was $7.70, the stock has gone down 43%. It probably won’t go down 50% again, since it’s selling at book value and you’ve suffered enough. I don’t understand why you would be so angry at the guy who tried to help you save your money. Wind raised $30m in an IPO, $60m in a secondary, $100m in a convertible bond, used overpriced stock to acquire $200m of ISI cash and intellectual property (and several other smaller companies), and gave away hundreds of millions in stock options. That’s a total of at least $400m (not counting options), and after all that capital was invested, they now have $350m of assets and the share count has at least doubled. After squandering all that money for 8 years, you still have faith that the company can earn money in the future. There are many cheap tech stocks with a proven record of profits, so it might behoove you to analyze a few. And don’t forget that stock option footnote in the annual report!

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