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Technology Stocks : PWAV- the hot new IPO

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To: Willsgarden who wrote (1177)	6/11/1998 6:39:00 PM
From: Doug Fowler	Read Replies (1) of 1491

There have been no warnings, YET. Creative didn't warn until today, and look how that one dropped. Creative had already fallen almost 30 percent (in the past few weeks) PRIOR to today's big drop. PWAV may not even bother warning, but I don't expect their earnings to be pretty. Asia is one big mess now, and any company with significant exposure there is perceived by the market as dead meat. If PWAV can make it through this crisis, they'll do well, but they may not make it at all if Asia gets much worse. That, IMO, is the big risk here. Stock closed below 16 today. The only way I see the stock recovering significantly any time in the next few weeks is if PWAV comes out and says that things are wonderful for them, and I really doubt that will happen.

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