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Technology Stocks : White Electronic Designs Corp (WEDC) - Tech Value? -- Ignore unavailable to you. Want to Upgrade?

To: FRANK J CATALANO who wrote (30)	2/21/2000 9:12:00 AM
From: MarcG	Read Replies (1) \| Respond to of 40

Well, earnings are out and WHT is down 19% from its high. I was disappointed by the earnings, but expected it. I was surprised by the extra dilution over and above the amount of the preferred's conversion to 18.9 M shares outstanding. I don't like that WHT is using basic #'s in its PR. Sequential revenue growth was not strong. Technically, if WHT holds $6 1/4, it will probably trade sideways for awhile, but if the 50 day is violated at $6, it may have to test the 100 or 200 day, substantially lower. I have no position, but attempted a short sale in the high $7's.