Hummingbird Comm. (HUMC) Message Board

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Technology Stocks : Hummingbird Comm. (HUMC)

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To: Method who wrote (1677)	7/26/1998 10:22:00 AM
From: Martin Goldenberg	Read Replies (3) of 2018

New product announcements are coming out next week. Sorkin is spending sleepless nights thinking about acquisitions. It is hoped to happen within the next 3 to 6 months, earlier the better. They are in talks with about 5 companies. They project total year-end sales to be about $135M for fiscal 1998. Taking out my calculator and subtracting first 3 quarters of total sales, gives about $43M projected sales for the 4Q. (Am I dreaming?) How they manage the cost of the planned aquisition(s) with their share value being so low, I don't know. Cash plus a bank loan? On the other hand, any purchase price in excess of about $30M - $40M they said they intend to use their shares for the purchase, and they will use the cash for smaller acquisitions. Sorkin forecasts total BI sales by year-end fiscal 1998 to be $22M. He also is projecting a 45$ - 50% growth rate in BI sales next year, for total projected BI sales of being greater than $100M. All this adds up very positively. Given the extreme volatility in this stock over the last few years, my continued optimism, quite frankly, is beginning to wear very thin. I remain long. Martin

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