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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV

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To: spliff who wrote (625)9/25/1997 1:08:00 PM
From: Jeffrey L. Henken   of 2843
 
No Intel hasn't bought anymore shares. That doesn't mean that they couldn't. I really believe that WAVO has some major announcement(s) in the wings. But it is not unjustifiable to think that a possible takeover is in the works. I mean MSFT bought Web TV right? Perhaps WAVO fits into some future plans for INTC or MSFT so well that they are a takeover candidate. Personally I hope not. I think that once WaveTop reaches enough desktops and TV's that WAVO could trade much higher without the limits of a takeover bid.

If WAVO was trading at these levels without something else going on I would expect a continued pullback on the share price. It is forming a new base. Something must be up.

Regards, Jeff
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