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Technology Stocks : Intersolv News
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To: Bosco who wrote (680)3/5/1998 5:06:00 PM
From: Arrow Hd.  Read Replies (1) of 1069
 
I agree. Its in the doldrums but I dont see any negative news at this
point. The acquisition has been explained, they basically write the
entire deal off, they said they will still make the quarter even with
the write-off, and it is accretive looking into FY99 and they have
made positive forward looking statements. The brokerage firm CC
spoke of a number of Y2K deals and so on. Though I agree there is no
wholesale accumulation going on the associates of mine who manage
money have been buying this up the last few days. Personally, I
picked up another block myself and the executions all came back as
1,000 here, 1500 there, and so on so it may be hard to determine
accumulation from distribution. Sometimes my "broker" works it in
that way, sometimes the dealer wont show it, etc. I dont know always
what happens. I just have a sense that we are in the eye of a storm
here with ISLI.
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