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Technology Stocks : NewCom (NWCM)

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To: paperheart who wrote (553)	8/3/1998 12:56:00 PM
From: Cool Hand Luke	Read Replies (2) of 662

Yes, your impression is very much mistaken, which appears to be the one thing consistent about your postings. In fact, whether we like it or not, Harry Kurtzman has final say on these investment banking deals. Two weeks ago he rejected a $15 million convert, with an additional $60 million straight deb at 11% to follow. This was proposed by Joseph Charles for Aura, the funds to be used to take out the September noteholder and thus end the speculation he is the one shorting NWCM. This rejection, plus the change in investment banking relationships, is what produced the most recent round of selling by JCC brokers. He has also rejected two other investment banking deals in the last 30-60 days. This is not the behaviour of someone desperate for money. The rumored Furman Selz deal at Newcom, about which no agreement or LOI has been announced, is for considerably more money than the amount you mention.

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