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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT
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To: jeffbas who wrote (286)11/4/1997 12:46:00 PM
From: Patrick Bateman  Read Replies (2) of 1250
 
Jeff,

As always your insightful comments are appreciated. But sometimes you go a little too far. I remember a few months ago a posting under the CCUR message board that looked similar to these comments on ACTM. I chose to pay no attention to your comments and the stock is up almost 200%. Sometimes companies honestly make mistakes. And sometimes great managers honestly make mistakes. I believe that is what ACTM has done. They have made some mistakes that could probably have been mostly avoided. But I can't imagine the stock at $10. They are in a viable business that is growing. The stock may not do much before year end and may be down from the $16 it is now at. But 6-12 months from now I think the stock will be near $30.

COMMENTS ANYONE?
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