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Non-Tech : Amati investors
AMTX 1.795-13.1%Nov 6 3:59 PM EST
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To: JW@KSC who wrote (31069)9/29/1998 4:26:00 PM
From: Bob Frasca   of 31386
 
Hi Jim:

ANCR basically fell into the toilet and was awaiting the big giant hand to flush. However, last week they announced that they had licensed their technology to a company called INRANGE for a 9 million cash injection over the next 3 quarters. This bumped the share price up to about $2.

The interesting thing about this stock is a lot of insider buying and virtually no turnover in personnel despite its plunge to near penny stock status. They are actually hiring even though the naysayers will have you believe they are dead in the water. They also announced today that they are opening a sales office in San Jose for the purpose of pursuing OEM opportunities. Hardly the stuff of a company apparently on the brink of bankruptcy.

I've stayed long through thick and thin and I've got a feeling that my patience will be rewarded. Fibre channel is about to go ballistic (something you have some knowledge of) so while the shares are cheap I'm going to average down one last time and see what the next six months brings.

That's it though. This will be my last purchase of a volatile story stock with no earnings...

All is well here. New Hampshire is beautiful in the fall. I hope things are going well for you on the Cape.

Regards,

Bob
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