CDCO - CidCo Incorporated Message Board

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Technology Stocks : CDCO - CidCo Incorporated

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To: Sr K who wrote (177)	1/28/1999 12:45:00 PM
From: Arrow Hd.	of 204

We took our positions later than you but have more than a 50% move already though we continue to hold since it is not near our target yet. I think there is much more here and so does the company with their significant buyback program which will buy back up to 2 million shares. If they do so, and I see no reason that they wouldnt, that will reduce the shares outstanding from 14 million to 12 million. Subtract from that the shares cloesely held and so on and the actual tradeable float is probably something much less though I have not attempted that calculation since I have been much too busy. From S&P one firm has a buy/hold and a 1999 earnings estimate of plus 40 cents. I would expect that when this analyst finally gets his act together the rating will improve to at least a buy. Our strategy will be to add on any weakness.

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