SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : e.spire Communications (ESPI) -- Ignore unavailable to you. Want to Upgrade?


To: Teddy who wrote (372)8/18/1999 6:56:00 PM
From: Trevor Quest  Read Replies (1) | Respond to of 471
 
I spoke with a guy who covers ESPI for a Wall Street firm.

He mentioned these guys were actualy having cash problems and were in danger of being forced to liquidate assets or go under. Goldman gave them a $100M loan to get them through and now the company is doing well again.

His feeling is the stock will be flat for a while but if we see any new takeovers in this sector, the stock should rally.

I am long the stock and will hold....for now!

Good Luck - TQ