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Technology Stocks : Madge (MADGF) -- Ignore unavailable to you. Want to Upgrade?

To: candleLight who wrote (3346)	7/9/2000 1:06:10 PM
From: Madharry	Respond to of 3379

I don't have your nerves mike. MRVC is about 20% of my portfolio now as I just bought a few more shares at 56-57 and that's as high as I am willing to let any thing go. Someone told me once that the way to stay ahead is to be able to control your losses, and that there are no sure things. I am not sure I understand what you are saying about MADGF. Investors may not be flocking to this now. It is a small cap foreign and losing money . But the enterprise value is there, I am not worried and it is about 3% of my portfolio. If RNWK and ISLD do well so will MADGF it is inevitable. On a worse case basis RNWK will probably acquire Madge.net for stock. I still think in 2 years this could be a $50 stock of course i have been wrong many many times before and I am not overwhelmingly confident here. If you decided to diversify I strongly recommend both ALSC and CEGE. I see both as very undervalued especially ALSC.

To: candleLight who wrote (3346)	7/9/2000 1:21:36 PM
From: Madharry	Read Replies (1) \| Respond to of 3379

2 more things- with respect to madgf- it has book of $88MM and cash of $28MM. Present market cap is $186MM. Annual revenues from Madge.net are running at least at $30MM and probably much higher. RNWK sells at 16X Book and 50X Revenues. With those numbers it could buy Madge net for $600MM and it would be accretive. With respect to MRVC- I believe that MRVC will take off once the Luminent/Zaffire offerings take place. MRVC has no large brokerage coverage to speak of, no one is convinced it is actually going to do what it says and that there will be a strong market for its ipo-s once that happens there will be some rich people on the MRVC thread. So it may well pose a dilemma for me in terms of how I am willing to let my MRVC percentage of my portfolio go. But it is a problem I am looking forward to having. My guess is that I will be selling out of the money options eventually to reduce my risk.