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Technology Stocks : ARCC -- Ignore unavailable to you. Want to Upgrade?

To: Steve Grabczyk who wrote (65)	9/13/2000 12:52:19 AM
From: RobertSheldon	Respond to of 83

Anyone have any news or explanations as to why we've dropped so far for so long? EVERYONE I speak with is clueless. Even the other analysts I keep up with do not have a single idea. Either this is going to go down as one of the best bargains in telecom (we are below some of the private financing rounds now) or the best kept secret on the street (that is, what is happening). All I can come up with is that it is being lumped in with underfunded CLECs . . . the only thing is though is that ARCC is very well funded.

To: Steve Grabczyk who wrote (65)	9/13/2000 1:18:30 AM
From: akmike	Read Replies (1) \| Respond to of 83

It appears that you and Robert haven't been buying enough to support higher prices. <gg> I have been doing more than my share (of buying) so I hope that Robert's first reason prevails over the other. It is apparent to me that some owners have urgent needs for cash or else they have lost all faith in ARCC's business plan. At these prices there is room for a slower-than-projected revenue ramp and still a handsome return on investment. I do believe that "arbitrage" short-selling based on the convertible has exacerbated the decline but there seems to be more than that at play here. As we will be into tax-selling season before long, (Already are, for institutions) this will add to supply.