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Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF)
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To: Charles Skeen who wrote (1336)10/15/1998 4:10:00 PM
From: Martin Goldenberg  Read Replies (1) of 1606
 
I think you are being too pessimistic and have every right to be, given your long holding time.

I recently bought in at $3.50 and bought more at $1.20. I was tempted to buy more below a buck. But as you say there are risks. So I didn't.

Colin was a VP at Nortel and Chief Engineer at the then called BNR. He's got lot's of contacts in high levels at Nortel, lot's of technical smarts, and is quite savvy. So don't underestimate his ability.

The $9M he got from Nortel for R&D cooperative development with Nortel engineering staff should leverage Plaintree very well.

Hope this cheers you up a tad. Plaintree's got a good chance to survive. I'd sure give it greater than 80% for survival and I am being conservative....the next couple of months will be interesting.
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