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Technology Stocks : MDSIF (formerly MDSI) Mobile Data

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To: Pasha Quadri who wrote (103)9/13/1997 9:35:00 AM
From: James Hutton   of 226
 
I notice the company announced another contract yesterday. That's obviously a good sign, and the company's core business is probably just fine. However, I don't think you can put any faith in any earnings estimates for 97 let alone 98 until company gets rid of all of the problems with its acquisition. I've already got a couple "convalescent" stocks in my margin account and have no desire to sit on more dead money in MDSIF. I feel pretty confident the stock will come back, but who knows when. Companies that disappoint once tend to do it again, so I'll just watch and wait. I might not get back in at the bottom, but I think I'll be able to get back in at a price below my sell price of about 23. Good luck

Jon
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