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Technology Stocks : ORFR-ORBIT/FR

ORFR 3.500

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Apr 10 5:00 PM EST

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To: Grantcw who wrote (414)	5/28/1998 11:26:00 AM
From: Louis Cornell	Read Replies (2) of 475

Grant, I noticed a press release was issued yesterday appointing a dedicated CFO, who recently left Novacare. Since the company won't confirm the RDL acquisition has been completed, I can only assume this action was taken in response to continuing problems with the acquisition, and/or M&A complications beyond management's current abilities. Depending on your viewpoint you can view this both positively or negatively. Positive in that management acknowledges and responds to its weaknesses, and negative in that they didn't acknowledge the need for a CFO up front, since acquisitions are a major component of their growth strategy. Any thoughts? regards, Louis

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