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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
VSAT 41.70+11.4%Feb 6 9:30 AM EST
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To: TWICK who wrote (269)1/20/1999 6:39:00 PM
From: whitephosphorus  Read Replies (3) of 52051
 
Stock Watcher

Larscom- LARS

LARS is Larscom, a network access eqipment vendor, which sells devices to
data telecom companies to hook their clients up to backbones --- high speed
data lines. They had some big customers, who started merging, stopped
ordering, and they missed a few quarters. The stock sells at 1/2 book. They
have about $1./share in cash, and a lot of technology. The board, a fairly
tough bunch, fired the CEO. I think there is little downside, with
potential multiple up, but may just sit there for a while. They will
probably lose money through the march quarter, then should make more with
some new products.
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