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: Gordon Quickstad who wrote (609)	3/12/1998 8:52:00 AM
From: jeffbas	Read Replies (2) of 1250

Yes you do make a great point. However, we do not now know if the books were cooked and the entire advance to $48 from where I originally bought it at $11 was phony. My guess is that we are not facing that, but I do not really know. (They never could get their inventory turns up to competitive levels and I suspect we may soon find out why.) I do not expect the company to make materially over a $1.00 anytime soon. Therefore, in view of management's demonstrated lack of competency, I do not see why a price above $15 (p/e of 15) is a reasonable near term expectation, unless there is a sell out.

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