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Technology Stocks : EDTA (was GIFT)
EDTA 0.000200+300.1%Mar 7 3:00 PM EST
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To: gerard mangiardi who wrote (1801)4/16/1998 10:35:00 PM
From: BILL JAMES  Read Replies (1) of 2383
 
To: +David Liu (18 )
From: +Warren Gates
Monday, May 6 1996 7:03PM ET
Reply # of 1802

TO|ALL: THIS STOCK IS WORTH $70
The way to treat this stock is to take some odds.
In my opinion, the company has at least a 50% chance of getting the patent upheld if it
goes to trial for the following reasons:
1) The patent has had a good history of being acknowledged for its worth. Those that
have stumbled upon it in the course of making
business didn't really contest it.
2) The fact that IBM settled means they would rather pay now a definite amount, than
risk having to pay royalties based on sales. They
also considered the odds.
3) The patent is quite detailed and specific to the point that it does not really cover
everything but covers enough.

SO, everybody here is a betting guy, let's bet on it. If the patent holds up, it is worth at
least $1 Billion. Let's put the odds
at 50%. This means you have to bet $500 Million to double your money.
With 7 Million shares outstanding, market cap is $56 Million at $8 a share. To come up
with a market cap of $500 Million, stock price
should be at least $70.

At todays close of $8, we're betting $56 million to make $850 million of an odds of like
1:15.
I don't think we can explore this company in any other way than to make some odds
and bet on it.
Do you think a 50/50 chance is fair enough ????
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