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Technology Stocks : Intermedia Communications ICIX

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To: whperk who wrote (103)3/30/1998 4:31:00 PM
From: IMATR8R2  Read Replies (1) of 313
 
For some reason not apparent to me Wall Street doesn't like or is not impressed with the TECH DATA (TECD) Deal. See quote.yahoo.com . I think this is the proper link, but the deal is a joint venture having TECD offer Intermedias services to their top 3000 WAN integrators. Seems like a laydown sale to me! Guess TECD stock has dropped 10 or so points in the last month, maybe people are uncomfortable with this firms financial stability? But so what, they are only offering ICIX products as a "Value- Added" item to their existing account base. Yet ICIX stock was down 6.7%, and TECD down 4.3%. I bought into ICIX bout a year ago, but still I hate to see people over react like this.
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