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Technology Stocks : Storage Dimensions - STDM

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To: nick cash who wrote (240)9/24/1997 10:16:00 PM
From: kvogel   of 311
 
nick,I agree with your assessment but do think management understands the problem. I believe they should have seen it before since their industry is growing at 30% or more and they have good products. The other problem I see is that new hirees will take time to make their quotas so things will probably take a half year or more before a really positive situation occurs. The 4th quarter should be break even or somewhat positive although not as good as last year. However, earnings estimates will be lowered this week so progress is the key.
The stock should be trading at about 5 - 5 1/2 in my opinion but will probably get down close to 4 during tommorrow. I don't know whether I'll try to bottom fish or not. I have to sell a winner to get more STDM and that may not make sense. At 4+ I don't think you can go wrong but the stock is going to have to base build again and that could take some time. Thanks for your long post.

Karl
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