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Technology Stocks : APAC Teleservices

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To: investz who wrote (205)6/26/1998 9:44:00 AM
From: Elsewhere  Read Replies (1) of 231
 
APAC to take Q2 charge, sees Q2 loss
biz.yahoo.com

Last trade at $5 7/8.

Ok, now we are down about 90% from the top ($59 in Q4/96), and this for a company having grown from $13 mio. in revenues in 1992 to an estimated $547 mio. this year. Well, who cares - "as of March 4, 1998 there were 283 holders of record" (Annual Report 1997, p. 33), and of those all insiders have sold since then ;-(. APAC will be a good example for what will happen to the current breed of hot stocks like YHOO et al. when one day reality will set in.

Good luck to all remaining longs (which includes me - no reason to sell now),

Jochen
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