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Technology Stocks : Lightbridge (LTBG)

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To: Elayne Shochet Tatar who wrote (28)8/5/1997 1:03:00 PM
From: Bruce D   of 202
 
I sold my LTBG holdings last week thinking that it would level off for a while. I've changed my mind. I just bought back in at 13. This company seems to have a strangle-hold on a niche which is destined to grow rapidly over the next couple of years.

See also the company's announcement to move its operations to accomodate its continued growth.

I like LTBG a lot. The P/E is getting a bit steep, but who cares? LTBG is the dominant provider in a growing market - the street usually attributes a high value to such companies. The management seems excellent to me, and for Iridium - a Motorola-headed consortium investing billions into a global satellite communications network - to entrust its future sales platform to LTBG is a huge vote of confidence for LTBG and its products. Surely, such a deal will also help to firmly establish the LTBG name in the Telecom industry.

Any thoughts?
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