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Technology Stocks : ORFR-ORBIT/FR

ORFR 3.500

0.0%

Apr 10 5:00 PM EST

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To: Gerard who wrote (67)	9/7/1997 10:30:00 AM
From: Louis Cornell	of 475

Gerard, it may be related, but Unterberg stated price as the reason for the downgrade. They said their target of upper 20's was reached, and that their 12 month target was around 36 I think. Still a compelling investment long term, but the gains from here may not be as dramatic. What I have seen before is that when a competitor comes out on an IPO, its publicly traded competitors tend to move up in sympathy if the IPO is successful. I will be watching that one. Also MF categorized ARX as a competitor, and it is almost ready to break out of a high and tight pennant formation, which tells me ARX is about to have another huge up move. Be certain, this will be a high performing sector in the years ahead, and it pays to load up across the board. Thanks for the tip on GCOM! regards, Louis

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