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Technology Stocks : CDCO - CidCo Incorporated
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To: Steve who wrote (94)3/18/1998 6:06:00 PM
From: Jim Mac   of 204
 
You're probably right. But the huge runup last year was premature. After Cidco announced the beginning of Japan caller I.D. sales and Robertson Stephens initiated coverage, people went beserk-o. I liked it at $15 and below, but didn't own any prior to the runup.

I think it's also possible there's a meaningful amount of selling to raise money for taxes coming up. There was plenty of buying around $20 last year, so selling off over the past few weeks would also provide a nice write-off for next spring.

But things sure look good to me. CDCO has always been pretty volatile, due to the relatively lumpy nature of its revenues, but that is changing as it moves into broader distribution. I'm buying.

And if anyone has any doubt about the iPhone's viability, they should order one and check it out for a month for free. They'll be surprised at how well it works. It's very fast, convenient, and intuitive.
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