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Technology Stocks : GALT - Galileo Technology

GALT 2.965

-9.3%

Feb 4 3:59 PM EST

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To: Marc Trombella who wrote (24)	4/3/1998 5:08:00 PM
From: (no name provided)	Read Replies (2) of 584

Mark Trom. you seem to know about this stock, so I have a few Q's/comments. 1. I haven't yet checked the techs on GALTF, but how do you know it has strong support at 29 and 26? You're probably right that it does have support, but then it has broken through 29 and very close to 26, so what is your opinion of GALTF now? 2. Read on the Net (either on SI or Yahoo) that INTC bot into GALTF - I commented on that asking how the person knew. Do you think INTC bo into GALTF? 3. Why the weakness in the stock? Seems like the most plausible is that since GALTF supplies 3com, BAY, etc and their sales were down, then GALTF's sales are thought to be down. Any comments on this? 4. Someone mentioned they found on Bloomberg that every director is selling shares. Is this true? If so, that's not good news. I'm wondering whether you're sticking with your prior opinion that 26 & 29 seem to be good entry points. My thoughts: fundamentally, I like the co. and it's market segment, but there's a reason this stock is dropping fairly hard, so I'm staying away for the time being.

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