Mylex Message Board - Msg: 4814901

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Technology Stocks : Mylex

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To: Baker who wrote (1591)	6/11/1998 3:55:00 AM
From: E_K_S	Read Replies (1) of 1820

Hi Baker: It appears that MYLX reached a new multi year low today on very low volume. This may be a good price if the company can stabilize their sales and get those new products to market. IMO everybody who has wanted to sell probably has done so. The disk drive companies have been getting hammered, so I would expect the RAID controller guys to feel the impact too. I bet we see the low now or very soon. I may begin to accumulate more shares to help average down the others I have at $10. I show the Book value at $4.57/share and current cash at $2.20/share. If there is another inventory adjustment, then the Book Value may be overstated a bit. Still low downside risk at $5.625/share. EKS

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