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Technology Stocks : EFII - Electronics for Imaging -- Ignore unavailable to you. Want to Upgrade?

To: PAR who wrote (1428)	10/18/1999 11:01:00 PM
From: Harry J.	Respond to of 1460

Last year at this time, EFII was at about $21 (check a chart). It has about 54.5 million shares outstanding and, at least until recently, about 350 institutional investors hold (held?) more than 90% of those shares (check "profile" below or CNNfn's info on EFII). The climb from about $21 to the recent high and then up to a couple days ago was on fairly constant volume (if you believe those little lines at the bottom of a chart). Maybe one or more of those institutional investors (who else can drop millions of shares in a couple days?) decided to lock in the 12-month gain. Why else would an investor leave a company with market-leading products, no long term debt, strong growth in revenues, profits, and shareholders' equity, and $433 million in cash (about $8 a share?) in the bank? Of course, I could be looking at the wrong things when evaluating this company. Anybody have any other ideas on what to look at? Regards, Harry J.