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Technology Stocks : TEAL
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To: Tom Hua who wrote (128)1/27/1998 8:53:00 PM
From: Jatin Kadakia  Read Replies (1) of 160
 
Tom,

Our beloved company made headlines in the Business section of local newspaper here in San Diego (Union Tribune). Nothing new except a bit of history and latest news. However, there were some positive remarks from Paine Webber analyst Jim Preissler in New York. Basically, he said that turnaround will take several quarters (my comment, hope less than four since he said quarters and not years) at the least and he's waiting for signs of even modest improvement.

Other quotes from him.

"We are not looking for a tremendous improvement" Preissler said, "just some momentum."
Nonetheless, Preissler said he has not given up on the company. He said his best strategy would be to "start at ground zero" and rebuild the business as if from scratch.
"They have legitimate products," Preissler said. "They just have to go out and carefully focus who they're trying to sell them to."

------------------------------------

Glad to note that he has not given up on the company. Now its their turn to deliver. Will see how long he is willing to wait it out. Does anyone know what kind of weight does he carry in investment community. I have not heard of him from before. May be someone else has. Union Tribune has on-line edition that you can view. May be the entire text is there.

Regards,

JK
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