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Technology Stocks : Able Telecom (ABTE) -- Ignore unavailable to you. Want to Upgrade?

To: jbkelle who wrote (696)	6/7/2000 8:16:00 AM
From: david james	Read Replies (1) \| Respond to of 700

I bought back a tiny bit as a gamble. With a $billion backlog, the stock is worth at least $8/share. However, the $30 bill for the lawsuit will drop that to $6/share. My guess is that they get bought out for around that price. However, there is a slight chance that they will file for bankruptcy rather than pay the $30 mill - and then sell off the parts privately - so it is a gamble. Stock movement the last week though supports the former prediction.