ACTM $100 Million Cable Modem Contract with MOT Message Board

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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: Sonny Blue who wrote (227)	10/10/1997 11:43:00 AM
From: jeffbas	of 1250

I totally disagree. Someone drew some inferences and decided they did not like the risk. Shroder did not recommend the stock at 33 on 9/16 without talking to the company, I am sure. The CFO did not call me from an airport 10 days ago and lead me to believe that everything was fine because he wanted to induce an individual investor to buy some more, which I did, while he was giving out different information to investment firms other than Shroder. I think that he believed everything was fine and that was what he told everyone. Some people just did not believe that the company could be exempt from problems that some of the networking companies, like Ascend, were experiencing and decided the risk was too great to continue holding. A better question is why did Greenlaw believe everything was ok 10 days ago when it obviously was not? Also, it is not yet clear if we are due for a strong fourth quarter because of the inclusion of $9 million of sales that were really third quarter business (almost).

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