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Technology Stocks : utcc on the move -- Ignore unavailable to you. Want to Upgrade?

To: Pluvia who wrote (6)	8/30/1999 12:28:00 PM
From: Pluvia	Read Replies (1) \| Respond to of 42

*STRONG SELL/SHORTSELL UTCC* UTCC is a company out of cash that needs to sell stock to stay alive. Look at their financials. Company is a joke. With today's reduction in rates by ATT to .07/min - all other telco's are toast, particularly companies in desperate financial shape like UTCC... Sell or shortsell, this company is below 8 in 60 days. likely below 5, with go to zero potential.

To: Pluvia who wrote (6)	8/30/1999 1:55:00 PM
From: C	Read Replies (1) \| Respond to of 42

Pluvia.....glad I took your advice and grabbed a barf bag before I looked. This one looks sick! C

To: Pluvia who wrote (6)	8/31/1999 8:49:00 PM
From: WTMHouston	Read Replies (1) \| Respond to of 42

Just a quick glance at the financials indicates that 40% of assets and 70% of book value are "intangible assets." I don't know about anyone else, but large (in terms of their relationship to assets and net worth) "intangibles" on a balance sheet have always worried me. Revenue may have been up 46% (almost all of which was for "wholesale" and not "retail"), but SG&A doubled and amortization went up over 400%. With bloated SG&A and large depreciation expenses, turning a profit may be even harder than at lower revenue levels. My understanding has always been that this is a volume business: that is, with greater volume comes greater profitability. With revenue volume going up, profits should not be going down. Something looks backwards -- at least at first glance. Troy