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Technology Stocks : SPYG in the mid-teens

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To: Nick Witthaus who wrote (84)10/23/1996 1:35:00 PM
From: william t. cannon   of 219
 
Nick:
I've held Spyglass from 43 to 120 to as of an hour ago 14. My concern is that Spyglass is trying to find a niche against Microsoft and Netscape and their announcement today says to me they don't have the resources in place to compete against these two giants. My only hope for SPyglass now is that someone will acquire them for their intellectual capital and licensing agreements. It appears that their relationship with Microsoft is over and as the new earnings show it hasn't helped the bottom line anyway. I don't know who would buy them, maybe Netscape, Oracle, Sun, CA? I don't know but I'm concerned that they could become another Borland.
Bill Cannon
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