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Technology Stocks : Equinox Systems (EQNX)

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To: Christopher Brainard who wrote (682)2/9/1999 3:45:00 PM
From: Scott H. Davis  Read Replies (1) of 765
 
Upside: At this level, EQNX works as a value play as well, and is currently towards the low half of its historic range for Price to book/sales/cash flow/earnings, thus reducing risk. After today, EQNX will probably be in oversold range, so a technical rise may be indicated fairly soon.

Downside: While I don't have access to real time indicators, it looks like EQNX could fall a little further before rising. Also, I'm still kinda nervous as far as the overall market.

I think it's a lot safer than an Inet play at current levels. Hopefully we'll see at least .26 next qtr with the expanded IBM relationship. IMSCO Scott
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