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Technology Stocks : Comverse Technology -- Ignore unavailable to you. Want to Upgrade?

To: Beltropolis Boy who wrote (854)	9/3/1999 7:49:00 PM
From: Mark Ambrose	Respond to of 1331

Chris, FWIW. Just like you, I have been a very long term holder of Comverse -- and I still own all of my "virgin shares" too. A couple of thoughts re: Taking some money off the table - What would you do with the proceeds? Put it in a CD? Do you have a better stock to buy than CMVT? One of Peter Lynch's guiding rules investing - Let your winners run. (another one is) Cut your losses early. Good Luck with your decision.

To: Beltropolis Boy who wrote (854)	9/7/1999 2:35:00 PM
From: NotNeiderhoffer	Respond to of 1331

CM, I would love to answer your question but it would run you about 80 basis points annually. Of course, since you are a friend, I might discount to 70 bp. But please keep that quiet; as you know I hate margin compression especially when its my margins . And remember, I am pickier about my client base than Brown & Co. Buy? Sell? I would rather joke around. The company has a 9:45 A.M. slot Thursday (9/9/99-Y2K warm-up?) morning at the SollySB conference at the NYC Sheraton. I would post conference notes myself but I might not make the presentation. I just bought a new pair of Allen Edmonds "Park Avenue" shoes during the sales tax moratorium Pataki and Giuliani give us twice a year. Al Roker is predicting rain for Thursday and I am not taking these new shoes out in a monsoon. Maybe we can ask TD or Dozer to hit the conference and then tell us where the next 30 points are coming from. For those of you who like to read Proxy Statements, go check Edgar as CMVT just filed this morning. It appears the rich are getting richer. NotfondoftaxesNeiderhoffer

To: Beltropolis Boy who wrote (854)	9/7/1999 3:47:00 PM
From: Trader Dave	Read Replies (1) \| Respond to of 1331

Chris (and NN) Bulldozer and I are the enemies of the street. We don't trade much and we have a very long term horizon. Selling winners....Well heck I'd charge you a lot more than 80 basis points for that info, we'd be talking about a chunk of the appreciation too.... All I can say is that every share I've ever sold of my early in the decade csco stock has been an economic disaster. But when stuff gets to 50% of your portfolio, it's a challenge to sleep well at night. So selling some csco may have been an economic mistake, but it was important for sanity purposes. There are lots of questions to ask here and even then I couldn't give much advice. But: Are you going to put the proceeds in another company? (There's the Uncle Sam tax and I'd imagine your local Marion Barry cocaine habit tax would be as high as many state taxes.) Do you need the $$$$ in the near future for a house purchase, kiddies education, or are you an old fart about to retire? Or is your primary motivation portfolio diversification? I feel pretty good about being able to dump losers (Dozer and I have had LOTS of practice.) But selling winners? Tough tough tough. I think maybe I'll mosey over to SSB on Thursday too. (Going wednesday to see the gang from mercury interactive.) HeyNNyouwantomeetoveratsollyandtalkaboutthequalityofsellsidebrokerage? TD