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Technology Stocks : WAVX Anyone?
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To: GerryMiles who wrote (5209)1/30/1999 5:39:00 AM
From: whitephosphorus  Read Replies (2) of 11417
 
My ONLY WAVX concern.....

I think that the newer products could work, although there is
a lot of competition. Gerry Feeney, the new CFO, is a real CFO. Looks interesting. But at $250 M
market cap, no revenues, no cash, burning $2.5MM a quarter. The company
runs out of money this quarter(per 10Q). A risk is that they get new money in at $50MM
value, giving the public real dilution. Longer term, its hard to tell
what's real and what's Sprague's imagination. A story stock, even if
it works.
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