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Technology Stocks : PictureTel (PCTL) -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (851)	6/7/1999 10:02:00 PM
From: StormRider	Read Replies (1) \| Respond to of 920

To tell you the truth, this stock has gotten me confused. Before the big drop to 4 1/2-ish, I was confident in the stock. But when they announced the earnings shortfall, I lost interest in the short term. However, I knew it was temporary and that it was a good buying opportunity for the long run. I wish I bought (waah, waah) but I couldn't at the time. Anyway, I thought that I would have time to buy back in... I was then shocked to see the stock price double in just a couple of weeks. So I kept watching it from the corner of my eye in the last couple of months and I'm still amazed at the strength. And with today's high volume on no news, it has me wondering if someone is going to buy them out... Keep in mind that Intel recently invested 10% in the company around these levels (which is not that big of a deal since they invest in a lot of companies). As far as investing in PCTL now, I would invest a very small amount in the hope they get bought out. Otherwise, I consider it a medium- to high-risk investment. Other thoughts: small caps are coming back, Picturel is still is the market leader, and Intel recently bought out Dialogic (which is a good a strategy toward computer telephony integration, videoconferencing perhaps, etc).