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Technology Stocks : Wind River going up, up, up!
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To: Stan Walker who wrote (2679)1/15/1998 8:45:00 PM
From: Michael Greene  Read Replies (1) of 10309
 
Stan,
The 13G is a notification of ownership not notification of the amount of a new purchase. Pilgrim Baxter has been a large holder of WIND for a long time. If you look at the proxy for last July's shareholders meeting you will see that they held 2,631,225 shares at that time. The 2,802,470 shares in the 13G just indicates that they have made a modest increase in their holdings since then and this would not be expected to have a material effect on the price. There has also been no SEC notification of any private placements so there is no reason to think that there has been dilution beyond the regular employee stock option dilutions -- that is bad enough but seems to be a necessity for doing business in the software world.

Michael
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