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Technology Stocks : DII Group, Inc.

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To: Creditman who wrote (1722)10/15/1998 3:16:00 AM
From: Douglas V. Fant  Read Replies (1) of 1845
 
Creditman, "Hearing footsteps"- DIIG Management must be hearing footsteps.The stock sells at $10 1/2 share, but holds $3.21/share cash. There are 25 mm shares outstanding which means that you can buy a billion dollar in sales ECM for about $175mm- that is cheap!

DIIG wanted to clear the air on the Bay Networks issue, but also suggested growth in sales of 25% annually is realistic and that top line growth would be around 50% next year (margins will widen). The trouble with Orbit IMO is outweighed by the good news from Multek's expansion into China ..

So at $10/share, I think that this news will push DIIG upward- we'll find out starting tomorrow....

Sincerely,

Doug F.
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