VTEL: Anyone else follow this? Message Board

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Technology Stocks : VTEL: Anyone else follow this?

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To: Mark Ableson who wrote (1095)	3/12/1999 9:53:00 AM
From: BruSi	Read Replies (1) of 1214

Yeadon is right about how officers bought shares. They got a special loan from Vtel expressly so that they could buy shares in the company. Yes, theoretically it is their money, but I bet there is a guarantee in there somewhere that the company will buy those shares back at purchase price in case the officer leaves and the price is down. So, practically, it IS NOT their money, and this is just another smoke and mirror scheme from an inept management. These dodos have touted the video demo and the two people I have spoken with thought it was a total joke. They should have picked April 1 to put it on. The video is blurry, fragmented, skips like a scratched record. The audio is a joke, hiccups from sentence to paragraph, can hardly understand ONE WORD. I don't know what these dodos are trying to prove, but if they were trying to turn people off the company...then they did a marvelous job! It seems that we are destined to have any ounce of good news counterbalanced by a ton of bullshit. The good news we get is more rumor than fact....Kinkos has ordered 150 machines (have they?), they work great (do they?), we now have web-cast capability (you must be joking right?). On the other hand the bad news is more than palpable....the sales figures are a joke! The stock is at an all-time low! Losses just keep piling up! Management seems to be more adrift than ever with below grade demos made to represent the company! Shady 'insider buying deals' schemed probably to fool investors! The PR department can't even get the Kinkos news out in the open (if it's true). In a nutshell....these people stink. Hopefully Mr. Rump will kick some ASS and get this outfit humming. He doesn't have much time. Bruno Albanesi

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