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Technology Stocks : CDNow (CDNW)
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To: ecommerceman who wrote (605)1/17/1999 10:17:00 PM
From: Pi  Read Replies (1) of 1465
 
The Yahoo boards have about 1 message in 50 worth reading - it's a matter of sifting through the spam to find that one. I've read these boards for a long time, was a member long ago, then signed up again recently when I tired of the Yahoo boards as well.

I hear some people at CDNW are receiving severance packages - since the company firmly believes the merger is going forward, they are removing those positions which are duplicates with N2K. This is good in some ways - the combination company should have much lower costs without losing any revenue. But also some trouble - I suspect we'll see a one-time merger charge associated with the costs of combining the businesses and severing those people who had duplicate roles with the combined business.

Not sure how I feel on CDNW for the long term. Right now, I'm in for the short term - Pretty sure that the company will head up at least 20% or so from here. However, I wonder if there aren't a few rocky quarters ahead before there is some stablization. Perhaps in the end it won't matter, but then again, this stock has seem some huge percentage swings (with a low 1/3rd of what it is today), and I wonder if some of the downside resistance won't be tested again as the merger takes form.

In the least, it should be interesting.
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