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Technology Stocks : ocom breakthrough technology

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To: Roger A. Babb who wrote (463)	7/6/1998 7:53:00 AM
From: Q.	Read Replies (1) of 994

Roger, I agree that the latest news of product problems and management turmoil suggest more bad news to come. That's one reason to be short. Another reason to be short is the financing situation they are confronted with. The situation bears much in common with PNCL about 18 months ago, when there was turmoil in the executive suite, a product that was badly delayed by technical problems and then never sold very well in the face of strong competition in a rapidly evolving area (in PNCL's case, removable storage), and discounted convertible financing that became increasingly insufficient to carry the company as the market cap slid, creating severe cash problems that led to layoffs, which exacerbated the whole problem. PNCL's chart etc. can be seen at quote.yahoo.com In the case of PNCL, taking full advantage of the situation required several quarters of being short, as you can see from its chart.

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