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Biotech / Medical : Ergobilt (ERGB) - Ergonomic Chairs
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To: Ploni who wrote (9)9/26/1997 7:04:00 PM
From: Jonathan Greenberg   of 900
 
Charles,

After reading the same press release I noticed two things. First, and you're right, they didn't refute a lot of what Asensio had to report. But more importantly, the device they described is not 80's technology, it's closer to early 90's technology. In either case, it seems that it may be good enough for a stenograph, but it's not a breakthrough or even all that advanced by today's computing standards.

I agree with Coz's assesment. I'm going to short as well, but there will be time to position. I think there will be an effort to move this up over the next few weeks or a month before we see it start to drop.

I looked at the SEC filings a few days ago and it doesn't look like they have any big players owning this stock. Although I've done so much research today on other things, I may be wrong.

JG
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