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Technology Stocks : ESST-the new beginning.

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To: Rishi Gupta who wrote (2070)	10/28/1998 7:51:00 PM
From: Steve Reinhardt	Read Replies (1) of 3493

Rishi, Are you back from your far east trip yet? Have you noticed that there is a nice run up of 10% today? Maybe the company's buy back program already is put into action. (ESS going to buy back $7 million worth of stocks) Or could it be some fund managers started to buy ESS today that caused the price to go up? I found out SIII, Trident and Oakt all show signs of bouncing back. Not for any particular reasons. After all, most design-in activity should be done by now. (Trident's rise was attributed to two notebook OEM design-in wins.) I think it is extremely important this quarter to make the shipments and collect the payments. Any companies that can show good EPS for the quarter ends on 12/31/1998 will have a 100% stock price increase easily. I am going to hold my ESS stocks until January next year where the business condition will be clarified. Steve

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