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Technology Stocks : WTT-Wireless Telecom.

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To: patim who wrote (2314)4/11/1999 9:15:00 PM
From: John Chaffin  Read Replies (1) of 2426
 
Yeah, saw your post of this on the yahoo board as well. What a bunch of bull. I've owned this company since Spring of '95 and have made a ton of money off of buying and selling it. I bought WTT long term about a year and a half or so ago and have seen it crumble due to poor management and a product line that nobody seems to want in great demand.

I thought WTT was going to always do well, maybe not as well as in the past but well enough. Boy was I wrong. Yeah, I'm a disgruntled investor because I own this dog. Luckily my other tech stocks have performed like the blue chips they are. I'll stay long on WTT until they collapse, I need the tax write off.

Never heard anything more than rumor that Gary was back. What's his function at WTT? Regular news releases? Doubt it. Been promised before and nothing came of it. Stock buy-back? Been authorized for a while, don't think it ever happened. Dividend? One way to get some of my money back.

Don't get me wrong with your post. I would love to see it come true, but then I'd love to see Star Trek come true in my life time. I'm long on WTT and have always voted to keep the board members in place, but I'm done with them and about done with the stock.

You are beating on a well used drum with the comments about cash and no debt. Means nothing now, except they have a lot of cash and no debt.

Peace,

Roy
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