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: rich evans who wrote (230)	10/10/1997 4:22:00 PM
From: kolo55	of 1250

I got my 20% drop and then some. I'm visiting family in Pennsylvania, and missed the action today, well almost missed it. just before the close i snapped up shares at just below 20. Not too surprised to see a revenue downturn with the loss of 3Com, but the size of the shortfall is very surprising. I think they simply got pushed out a bit by their customers, and didn't get the shipments out in time. I've always been a bit sceptical about the growth projections put out by this company. But this seems like one of my favorite buy points; a blow-off based on a short term problem, like the loss of one customer, or a missed shipment ( see JBIL after losing some QNTM business 18 month ago, or ELEX last March). I added shares today, but will really be looking to reconfigure my portfolio and pick up a good chunk of shares next week if it stays at this ridiculously low price. I think the consensus estimate for next year is still doable, so this stock looks very reasonably priced. This time I'm going to pick up a nice sized position. (I may even sell some FLEXF, NTAIF, or DIIG.) Paul

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