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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST
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To: stock talk who wrote (7364)11/5/1997 2:10:00 PM
From: Ken Muller  Read Replies (2) of 14577
 
Frank, George, and All

Now that the hysteria has started to subside, perhaps its a good thing to look at the "Long Term Perspective".

Some items to consider:

1. Until we get a further explanation of how (why?) the accounting screwup happened, there is additional risk for downside movement (It might just turn out to be a simple error, but you never know). It would be prudent to wait for further statements (or 10K). However, statements might not be forthcoming because of...

2. Expectations of a shareholder class action. (This is a dream case for the attorneys. Company freely admits wrongdoing.)

3. SEC will have to investigate. Should be short and sweet. Previous acting CFO has to explain. He will probably not be talkative until that investigation ends. I expect a fine to be levied.

4. With litigation and SEC hanging around, chances dim for a buyout/takeover in 98.

5. If board sees fit to shake up management team (probable), then the inclusion of a new high profile CEO could boost stock in 98. (The business conditions really haven't changed.)

Lots of potential gain along with lots of potential risk.

So what are my plans? I cashed out. I am waiting to see what happens next. Based on previous history, something will happen.

Ken
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