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Technology Stocks : CDRD (CD Radio)

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To: Chang-Shing Perng who wrote (245)	10/7/1997 12:46:00 PM
From: Candle stick	of 904

P.S. The market cap is now approaching 600 million by my calculations , if you count the prefered stock, and they have over 300 million in debt , no?.....so you are valuing the company at near 1 billion dollars, not including the new debt about to be undertaken and the common stock dilution that will eventually come. AND THEY HAVE NO REVENUES NOR ANY FORSEEABLE REVENUES FOR 2 YEARS?!?! And what do you own when buying CDRD stock? A license worth 83 million dollars (at least thats what CDRD paid for it. Noone was willing to pay more.), ........???????? I still dont get it????? This stock valuation defies all logical reasoning.......anyone got a pin??? POP!

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