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Technology Stocks : MTIC - Is this the next EMC?

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To: Mark T. Heath who wrote (1006)1/14/1998 10:25:00 AM
From: Duncan  Read Replies (2) of 3748
 
<<"Looks like several blocks of 10 or 20K each. I'd love to know who that was." After seeing the insiders sales info posted earlier today, I'm afraid to ask.>>

Mark,

I'd be shocked if these larger block sales came from insiders. We are too close to the EPS release for management to permit buying and/or selling of MTIC shares. It's called a "blackout" period. Call management or Frank Yoshino to find out when the blackout period began and when it ends.

The sales probably came from an institution...who's concerned by the weakness in the stock...or who wants to park his money elsewhere...lots of good opportunities on a fundamental basis these days. It also may have been the firm whose analyst just lowered their rating...or dropped coverage...as the firm may have cleaned out their inventory. But I don't see any house lowering their rating on the wires.

Frankly, I'm not too concerned. We haven't seen a pre-announcement from MTIC...so I *believe* we'll meet or exceed target EPS for the quarter/year. With the market volatility in recent weeks, this trading activity doesn't concern me much...particularly with the razor thin volume...and I'm not going to put much credence in my speculative efforts or others. Money managers and investment houses move money around on a whim.

Maybe I'm just ignorant. Time will tell.

Duncan
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