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Technology Stocks : Encore Computer: higher risk but great potential
ENCC 0.0197-5.7%Dec 31 3:10 PM EST

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To: Arthur Tang who wrote (776)6/10/1998 11:59:00 AM
From: Bob Crawford  Read Replies (1) of 811
 
The sale to Gores was signed last Thursday 6/4/98. It is subject to shareholder approval, but that is assured due to major shareholders being already on-board. Gores will use the Encore name and will operate out of the Ft Lauderdale facility. Some layoff's have taken place, but business will continue with current client base.

Gores currently has approx. 700 employees, and is a $250 million dollar company, situated in Boulder, CO. Owner operates out of the Los Angeles area with an acquisitions staff of approx. 10 people.

"Rumor" has is that share value to current shareholders, could be as much as $1.00 per share. NOTE: this is not substantiated, only hear say at this time.

Happy Investing,
Bob Crawford
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