ACTM $100 Million Cable Modem Contract with MOT Message Board

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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: Alfredo Nova who wrote (499)	2/26/1998 12:39:00 AM
From: jeffbas	Read Replies (1) of 1250

Your view of Pino and his performance on the "call" is shared by my friends who have met him and were on the call as well. How recently was your contact? Although I did not speak with him (he's out of the country, joining us thru the magic of email), James has the same kind of numbers as I do on the range of the problem, reflecting the last sentence of the first paragraph of the release. That would absolutely not be a company breaker. (If it turned out to be an insured loss, the conversion of inventory to cash could actually be a plus.) Unless there is second order fallout from customers, I have not been able to figure out a reason why they could not do close to the previous estimates which both Pino and Greenlaw have felt very comfortable with on recent, separate occasions. I see no reason to expect customer fallout but did feel it prudent to send a FAX to Pino this evening to remind him of that risk - with sale of the company being possibly a quick and easy solution if he saw a problem developing. Note the last sentence of the second paragraph was clearly included to allay concerns on that score. Remember, that release was probably read by lawyers. I think it fair to say that every word means exactly what it says and that it is appropriate to draw whatever logical inferences the words suggest. Lastly, the downgrades will probably come before the opening, apparently because of the convention that the price at which you downgraded is the last sale of the day before. (I just noticed that convention described on another stock that got clocked overnight.) I may be a buyer tomorrow if it gets too low.

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