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Technology Stocks : Nimbus CD International

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To: joshi who wrote (1354)	2/4/1998 6:29:00 AM
From: PHarris	Read Replies (1) of 1673

Joshi.Allow me to cite an example of a stock that sat for a long time and then ALL OF A SUDDEN doubled. Zapata (ZAP) sat between 4 and $6 forever with no volume. Then one day last week announced their subsidiary IPO soon followed by a wonderful earnings announcement. It has nearly doubled (10 1/2) and is estimated to be worth $18. So it does happen with patience which I know you have had. You will be rewarded with NMBS because I don't think they are doing anything wrong and the European market is strong right now. Earnings should be good tomorrow. No doubt this has been a dog for a long time. I am curious why someone would jump back in at $14 though when they can buy now at 11. IMO it will hit 14 this year but I'm not convinced that won't be the next baseline and will sit again. JMO Priscilla

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