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Technology Stocks : ACT NETWORKS
ANET 132.59+1.2%1:30 PM EST
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To: TWC who wrote (2137)11/25/1997 3:14:00 PM
From: FIFO_kid2  Read Replies (1) of 2326
 
The street is fearing an huge inventory writedown. The 3rd quarter results gave indications of this event will be inevitable. My biggest fear with ANET's future is it does not have the economies of scale especially in R&D as with the larger players. I finally sold out at a huge loss and I believe you should stay away until the charts begin to turn positive. I have a gut feeling that ANET will not be in existence in three years and a buyout will be the best case scenario.
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