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Technology Stocks : Gandalf Technologies

GANDF 0.0701

-36.2%

10:17 AM EST

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To: one_less who wrote (2706)	4/26/1998 2:27:00 AM
From: Potato Farmer	Read Replies (1) of 2723

Lawyers, etc. Brees - "even a half baked lawyer could make a case for us out of this"... Maybe you're right. And sue whom? And with what will they pay? The secured creditors got almost nothing and there is nothing left for anyone else. Shareholders are the last in line in a bankruptcy. The company has no money. I posted an analysis of GANDF in this area about a year ago. You could read the balance sheet and see this coming. This company was primarily a victim of its own bad marketing and sales, and suffered its fate because it failed to find a larger player to buy it out when times were good. It tried to play on an even field with Cisco, Ascend, and 3-Com. Livingston was the other small player in this arena and they sold to Lucent for decent money. When you're the small company up against the big boys, one small strategic mistake can cost the whole company. Pete F.

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