To: pat mudge who wrote (1174 ) 10/29/1999 6:29:00 PM From: tom ablett Respond to of 2347
Thanks for this info Pat. Here's a good one from Yahoo that makes me, at least, feel better about CMTO. Going psycho for CMTO! Why? by: scruffy_trader 10/29/1999 1:32 am EDT Msg: 5544 of 5597 I enjoy reading the messages on this board. I am humored by the "doom and gloom" of the "shorts", and concerned about the false information that is perpetuated on this thread. First, Fenner said during the last conference call that CMTO is on-track of reaching its goal of $100 million in revenues this year. This is important because it proves that inspite of "lack of certification", the company is still meeting internal goals. Second, please don't overlook the fact that TERN's earnings failed to meet expectations when compared to CMTO's earnings. If CMTO continues ahead of TERN in earnings, it will mean that by the year 2001 revenue could be as high as $250 million (which for all practical purposes would put CMTO at a stock price between $60-$80 a share) Third, the broad band market continues to be explosive. The estimates are that cable modem subscribers will run to over a million by next year and could swell to five million by year 2003. What does this mean? Well, it means that there is plenty of market share out there, with or without certification. When I hear "shorts" talking about CMTO going to $4 a share, I know that they are truly novices. When I hear the talk about "tax selling", I am amused because it fails to take into account the remote possibility of a Lucent takeover. People, stay long! In a year, the current stock price will only be a memory. Take advantage of the "fear". Buy with a purpose. Know that this is an inovative company with a bright future.