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Technology Stocks : Microdyne (MCDY)

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To: John T. Hardee who wrote (372)	7/28/1998 12:29:00 AM
From: Dave Johnson	Read Replies (2) of 414

Hold it Angel honey! The stock went to 31$ a share and then NPD business turned down fast and it sank to about $20. Then good old Phillip C tried in desperation (waited too long) to do a secondary offering and scared the stock to 15. And then bad earnings came out and bam to 8 and more deterioration to about 3. Back up to 6-7 and then flat earnings reported even with Jalbert on board, quarter after quarter. No growth at all. Can you spell Pancake. The true blame lies directly with high management for letting the inventory run wild and having to write off all those network cards. I agree with John- Where's the new customers??

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