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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?

To: snail who wrote (1318)	7/19/1999 5:26:00 PM
From: Young H. Noh	Respond to of 9677

For what it's worth, check out the following news issued by Anthony Pacific, a well-known short trader. Company Press Release Pacific Investigations Initiates Coverage on First Wave Technologies SAN DIEGO--(BUSINESS WIRE)--July 19, 1999--Pacific Investigations lead corporate and equity analyst Anthony Elgindy initiates coverage on Ticker ''FSTW.'' Pacific Investigations has independently verified and determined the total value of the agreement announced today by First Wave with Microsoft's Embedded Systems Group of 100 users is worth approximately $100,000 and a maintenance payment of $18,000 annually hereafter. Pacific Investigations is a California-based equity and research company that specializes in independent verification of market valuations. For additional information, please visit us at: anthonypacific.com.

To: snail who wrote (1318)	7/19/1999 5:32:00 PM
From: Young H. Noh	Read Replies (1) \| Respond to of 9677

Another FSTW news at Bloomberg, which basically has a FSTW officer say that this contract was not a million dollar contract by any stretch of imagination, but that this will give a good name recognition. I agree with his analysis, and this is a definite admission by FSTW that the agreement was not big at all, giving more credence to the news put out by Anthony Pacific guy, although I myself do not know specific details. My analysis is that although this agreement will give it good name recognition and definitely help the company, it will not add significantly to the bottom line. FSTW has a lot of work to do to prove it deserves any price higher than 5 IMO. FYI, I am short a lot of shares at an average price of 7.7. I am reading this news in my favor. quote.bloomberg.com