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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (11037)1/30/1998 9:45:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) of 17305
 
MEGW is one of those "holding companies". I believe that means they sketch out a rough idea to make money, take in millions in stock, sort of kind of buy into other companies (i.e. exchange stock) to boost their diversified image and raise all sorts of expectations about "what if just one of their investments takes off", and then implodes into a dark hole while the principles retire very wealthy to Boca Raton.

Speaking of USAG... didn't this turn out to be a holding company consisting of a couple of guys working out of a girlfriend's apartment in NYC?

- Jeff
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