Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (10771)	6/26/2000 4:03:00 PM
From: Madharry	Read Replies (2) \| Respond to of 78525

I increased my position significantly in SOFN today. selling at 10 5/16 with about $9 in cash. Insider buying, and some heavy duty partners. Seems much too cheap. Company is now active in 3 businesses- High speed access via sattelite to small cable systems in the US. Same deal in Asia through an alliance with PCCLF I believe, also some activity in Latin America. Lastly the company has an agreement with Delta Airlines, COmpaq and ? to offer passengers workspace and internet access in airports and internet access on delta planes. I think all of that is worth a lot more than $1-2. However the company building these assets will probably go through its cash and more. On the otherhand PCCLF purchased around 20% of the company at around $25 a share less than 5 months ago. I previously purchased this stock in the low 20s and sold it in the high 30s because of technical considerations. At these levels I am willing to be patient and wait. CEGE and ALSC continue to be bargains at these levels. MRVC up sharply today, perhaps first IPO filing is imminent.