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Technology Stocks : HARBINGER (HRBC)

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To: Mark Catalano who wrote (45)12/15/1997 7:07:00 PM
From: Slim Pickens   of 402
 
>>30 in 12 months seems very conservative, I would expect it to come back to 40 in 12 months after the unnecessary downfall HRBC recently took.<<

I'm glad you said that. I was thinking the same thing.

Barrons said that the decline was due to concerns with integration of Premenos. They also said it was a good deal. Of course all shareholders of both Premenos and Harbinger recently received a notice of shareholders meeting to vote on the merger, and a prospectus. I think that a lot the selling was due to that prospectus. The RISK section of those things is enough to scare the most seasoned investors. Here is an interesting post from another thread on the same subject:

Subject: VIVUS 1997/1998
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To: Zebra 365 (3679 )
From: Steve Childs Monday, Dec 15 1997 1:47AM EST
Reply # of 3708

Zebra, it is thorough for you to reference SEC filings. But the boiler-plate disclaimers are filed by lawyers on behalf of management, and only after a lot of questions and grilling of management. So I, for one, put little repose in SEC declarations of risk. A lawyer who does not paint the bleakest possible picture in an SEC doc is not literate in word-processing applications for the legal profession. I'm only posting about this simple point: don't anyone try to rationalize their position based on the cautions of an SEC doc. They are there to protect the company in case of adversity; never to portend future results of operations.

I am looking for VVUS to live way beyond their SEC disclaimers, as I know Zebra is as well.

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Good investing,

Slim
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