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Technology Stocks : Verilink, long term hold? -- Ignore unavailable to you. Want to Upgrade?


To: Fiddler who wrote (490)9/26/1999 7:21:00 PM
From: Dale Stempson  Read Replies (1) | Respond to of 522
 
Yeah, "wait and see" appears to be right. We've got $6-$8 million in charges to take, with the majority showing up this quarter and the balance likely to follow next quarter. I suspect that the consolidation and move will not be good for sales through December. In addition, we might experience some tax selling. Thus, I'm not expecting to see VRLK doing much until after the first of the year. I wouldn't be surprised to see the stock trade down to $1.50 before things begin to turn around.

Regards - Dale