Verilink, long term hold? Message Board

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Technology Stocks : Verilink, long term hold?

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To: stock leader who wrote (449)	2/14/1999 9:57:00 PM
From: Crispin	Read Replies (1) of 522

Stockleader, The reason is mainly that they purchased a company for 10 million or so in cash. Plus the loss.. From 10Q: "On November 16, 1998, the Company completed the acquisition of TxPort, Inc. ("TxPort"), from Acme-Cleveland Corporation. TxPort is a manufacturer of high speed voice and data communications products. Under the terms of the agreement,the Company paid $10,000,000 in exchange for 100% of the issued and outstanding shares of TxPort's common stock. The purchase price was determined in an arms-length transaction and paid in cash out of the Company's working capital" Does that make any difference? Crispin

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