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Technology Stocks : Source Media SRCM
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To: Mr. Pink who wrote (261)7/15/1998 5:45:00 AM
From: Bobo  Read Replies (1) of 3015
 
Mr. Pink,

Are you short via puts or equity? I cannot tell too much about mgt except that the main players appear to have little experience in the current industry. Most of my research has been in the area of the business. I can tell you that 1) I covered during the halt, just a bit to real for me but may put in-th-money puts back on 2) the company has virtually no customers for its technology and the cable execs I have talked to are very skeptical of internet via set-top 3) I have looked at some of the company's patents and (in my most humble opinion) would be very surprised if they are worth much in the current cable environment 4) Worldgate, the company sued by Source, based their technology on VBI, not frame-grabbing. The suit appears to be promotional. That's all I have for now. Archer may know some personal background.

Good Luck
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