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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (66253)	10/18/1999 11:08:00 AM
From: Bryan	Read Replies (2) \| Respond to of 90042

Yikes....Nasdaq getting hammered. -32 The bottom-fishers better let out some more fishing line. It's amazing how some of these just bleed through 52-week lows. Look at XRX for example.....like trying to catch falling knives. Same thing happened to me in UIS last week. Where's the support? bk

To: Tim Luke who wrote (66253)	10/18/1999 11:14:00 AM
From: Ivan	Read Replies (1) \| Respond to of 90042

Tim and Company. My only issue with the FORE analogy is It portends a $25 buy price, not $32. FORE is an example of a company where the street priced in the buyout less the premium. IF the street is holding CS on the buyout premise alone, then the price is $25. This is the rumor I am hearing, by the way. No details, not from an "insider", just that $25 and by years end. However, is that a fair price? And, if Patel says "no", what does that mean for CS? IMHO, it means softness and a near term 12-14 trading range as the traders bail out. The biggest issue I would have with this continuing of the buyout story is that it does not properly value CS on its own merits. EXTR has a $4B market cap. So should CS under that valuation premise, as the SSR switches are a bigger business and growing than EXTR. Add to that Spectrum, and we are trading at a discount. Then, just for fun, BACK OUT the rest of the company as a liability (which is a joke), essentially negating the value of Spectrum, and we're still undervalued.