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Technology Stocks : Cybex (CBXC) Anyone watching?

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To: Kurt T. who wrote (29)12/12/1997 1:29:00 PM
From: Thom A. Shulok  Read Replies (1) of 57
 
Kurt/Dave,

Apex occupies a similar niche. The statement below is from one of their filings (they can say it better than I):

Company Background

Apex PC Solutions designs, manufactures and markets stand- alone switching systems and integrated cabinet systems for the client/server computing market. Apex switching systems enable client/server network administrators to manage multiple servers from a single keyboard, video monitor and mouse configuration (a''console'') to more efficiently manage their organizations' complex and growing server populations.

Sound Familiar?

As for why we don't (currently) share their lofty multiple, I'd say it involves visibility. Apex averages about 280K shares per day, while Cybex averages about 20K shares. We don't make it onto many people's radar with that kind of volume. The IBD article helped, but it probably brought in a lot of people at the high who have subsequently dumped at a loss (and some disgust, I'm sure).

Beyond that, Apex had their IPO this year, so they've garnered a fair bit of attention from that as well.

That's really all it takes to see that kind of disparity. The upside for us is when CBXC gets discovered, it will make up a lot of ground very quickly. Until then, it's just a waiting game.

Thom
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