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Technology Stocks : ACT NETWORKS

ANET 125.03

+2.4%

Nov 25 3:59 PM EST

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To: Stockgirl who wrote (2259)	6/30/1998 12:27:00 AM
From: FIFO_kid2	Read Replies (1) of 2326

Earnings from operations at this company has always been at loss even when this stock was in the mid 40s!!! So what is new??? Last qtr numbers were bad as will this quarter. ANET shareholders would be better served if it would operate as a corporate shell of tech investments much like CMG Information systems. Mr. Shum can make money from his stock investments with his pile of cash. He has not demonstrated that he can run an outfit with effective and profitable operations. In addition, a few quarters ago remember they had a ballooning inventory and a high days sales outstanding number. I wouldn't be surprised if they took another charge for inventory obsolescene as they had immediately following their IPO in late 1995.

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