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Technology Stocks : COM21 (CMTO) -- Ignore unavailable to you. Want to Upgrade?

To: lml who wrote (1661)	2/3/2000 12:04:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 2347

All I can say, if I were an objective investor, many of the issues you raise would give me cause for concern, particularly following TERN's runnup. Having a positive view on this sector, & the comparative valuation of CMTO relative to TERN, IMHO, should cause a selling TERN shareholder to seriously consider CMTO as an alternative investment. Objectivity seems to be in short supply. If an investor compared balance sheets, they'd choose CMTO; if they compared DOCSIS products, they'd choose CMTO; if they compared size and strength of vendor contracts, they'd choose CMTO; if they compared history of management, they'd choose CMTO. On the other hand, if they're determined S-CDMA is going to be the long-term winner, they'll hold onto TERN with their life. However, even if their belief were unshaken, they would be prudent to ask about timing. How long can a company survive without a competitive DOCSIS product? If this same investor counters that TERN has DOCSIS, then I would have to hope they understood what it means to have an OEM version --- and hope they'd ask about prices and profits. After I posted TERN's S-3 revelations, one fund manager wrote that the contradiction between that and what was said on the conference call was a clear indication of fraud. I would think they would have to re-state earnings, at the very least. Pat