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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: John Sladek who wrote (12789)	3/14/2005 10:04:13 PM
From: Rob S.	Read Replies (1) of 12823

SRT is a basket case. Company management has repeatedly said that they would lower costs, turn the corner towards profitability, were increasingly sales, etc. but then delivered one bombshell disappointment after another. This has gone on for years. And the company they acquired, Netro, which did have cash and OFDM system technology (Angel), has not fixed the situation despite providing fresh cash to pile on the fire. Netro now has to beg their current debtors to allow then to give preference in pledging of assets to a new set of debtors in order to stay in business. The company may survive but that hardly makes is a good deal for investors in common stock. What's more, i wouldn't trust the current set of management to know how to run a company profitably. I think they are incompetent. Competitors have not written SRT off as they think the Canadian government might prop them up or otherwise they may stay in business. But their potential looks limited as the will remain strapped for cash and much stronger companies are preparing to enter the arena as WiMAX gains momentum. Kiss this puppy goodbye.

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