Copytele - Another XEROX in future Message Board

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Technology Stocks : Copytele - Another XEROX in future

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To: Gregg Glogowski who wrote (1201)	3/14/1998 3:15:00 PM
From: Gregg Glogowski	Read Replies (2) of 1320

Copytele remains a tale of two realities: Copytele the company has no technology and one lame product - the Magicon. The 10Q will appear this week and verify no sales, one year after announcing $300 million of deals. Copytele the stock refuses do go to book value. It hangs around the $2-3 range for 'technical' reasons that escape me. Copytele management appears to be concentrating on the PR effort for a product that represents a solution looking for a problem. Hence secrecy, stealth announcements, 'News' articles addressing issues from the 1980's, and near-phantom distributors. I remain fascinated by the company because I have seen real companies with real products disappear after a few years, yet Copytele continues with a priced stock that someone buys, apparently on the basis of abject speculation. Who is this someone? Does that someone know that the major sellers over the years has been management? If you ever want to know how dumb investors can be - send them to Copytele.

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