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Technology Stocks : TRANSNET TRNT

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To: Bob Davis who wrote (202)3/28/1998 3:21:00 PM
From: Nicholas P. Sekas  Read Replies (1) of 225
 
Bob, unfortunately I was unable to dump any TRNT (soon to be TRNL) shares this past Trent-Friday. I know several people who still have substantial positions and are, well, dumbfounded by this shocker. I think the Company should come out with a DETAILED statement ASAP - with specifics on the lost customer and its respective TRNT revenue slice, and some comments on its future.

I always felt confident that they had a future even without this GECITS deal, but now with a major customer lost, I have major doubts. Other customer losses will probably follow and employees may jump ship given the strong IT market.

Lastly, I think they better go out of their way to do some Investor Relations damage control before a lawsuit is filed. Nick
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