ACTM $100 Million Cable Modem Contract with MOT Message Board

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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: puborectalis who wrote (153)	7/28/1997 12:56:00 AM
From: jeffbas	of 1250

I believe that ACTM will do $2.50 in 1999 on $500 million sales and on 1 million more shares (a secondary along the way), and sell at a price of $65. Meanwhile, I believe that it will not make a new high again in 1997, has short term support at $35, and long term support at $28-30. I regard it a strong buy under $30 if it gets there from general market conditions (as opposed to adverse news). I have no interest in Year 2000 stocks. They are like oil wells which deplete in a short period. I do not want to guess what happens afterward and I suspect the prices are way too high for this "oil well" type way of looking at them.

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