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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: Sam Gompers who wrote (8361)12/13/1997 5:29:00 PM
From: Phil Fischer  Read Replies (1) of 14577
 
While not claiming that Siii has great prospects (I really have no idea), I wouldn't take the low stock price as an indication that the "players" know something that we don't. As an example consider TLC (educational software). This stock drifted down to $5.50 last summer. They made some acquisitions, converted debt into convertible shares and quickly (I felt G-forces) ran up to $20 (now trading 17-19). The point I am trying to make is that often WS writes off a company too quickly. A couple of changes to the business and the stock can be back in favor. If the business is viable and the management has the wherewithall, investor sentiment can be turned around very quickly. I believe the former is true, but the latter may not be. I too would like to see some changes to upper management and a commitment to keeping investors better informed (even if it is bad news). I have decided not to sell for now (can always take the tax loss next year).

Phil
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