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Technology Stocks : Irvine Sensors
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To: hillary kapan who wrote (607)3/12/1998 7:59:00 PM
From: mig driver  Read Replies (1) of 1673
 
Hillary,

Your assessment is illuminating. My Merrill Lynch broker answered it this way for me. These are his words..."short term traders naively take their profits and run on the prospects of a minor league victory... just while the pro's are stepping in to make real money with huge consequences". There was a buy 249,000 share buy today at 3 3/8. This is very bullish. Pro's are doing their due diligence and they like the numbers they are coming up with.

Investor Relations received four phone calls today from different institutional investors. Two had buying triggers above $3/share and two had buying triggers of greater than $5/share and $100M of capitalization. Some of these triggers were met today. The others will be met either tomorrow or next week.

This is very bullish. I'd recommend you have patience and take a more strategic long term view. Look at history. This stock traded at $7 to $12 when it was an R&D hobby shop. This has the potential to surpass its historical level over time. Perhaps sooner than we know.

This company has too much technology reaching critical mass. There are at least four Iomega 'type' projects within this company. All time-phased for long term revenue growth. The revenue/profit stream exists and they have the product 'engines' to deliver. It's real, not hype.

My opinion. Good luck with your decision.

Migdriver
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