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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: Mike Winn who wrote (90)	10/4/1997 5:37:00 PM
From: Louis Cornell	of 475

Mike, good analysis. What's the IPO? Clue us in. I sold my 1000 shares between 24 and 26, with a cost basis of around $16.50. One of my better plays this year. I would be a buyer around the $20 area, with a $2 downside vs $10+ upside by spring. The company's test equipment is a high cost item for companies, and thus sales can surprise both up and down. I think I may wait for some selling into next quarter's release for a buying opportunity. Next year looks very good here. regards, Louis

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