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Technology Stocks : DSS: DLT finally open for trading -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (327)	10/24/2000 1:48:16 PM
From: Sam	Read Replies (1) \| Respond to of 488

Z, G, I've had a chunk of this stock for so long that we're married. It hasn't been the best relationship, I'll be the first to admit. But I've sold some and added some over the years, I've got a pretty full position right now, don't feel any compelling need for more, though if it dips below 15 again, I may well add again, depending on general market conditions. Snap could be a high flying stock, will have to listen tonight to see how their sales and p/l statement looks, and how they will be capitalized. If there is any insider selling in the offering, that would definitely affect my decision about holding for a longer period, but I'm hoping that that will not be the case, and the company will get everything from the offering. I was wondering how DSS was going to finance Snap's growth with the sale of HDD and the $600m(!) that will accompany it to Maxtor (seemed like too much money to go to Maxtor to me, DSS should have kept more, IMO). I'm hoping that the fact that Snap has been on Dell's opening page for awhile now (haven't checked this in the past week or 10 days or so, but it was there before) means that they have been selling a lot of them, products like Snap play into Dell's distribution strengths. I'd also like to see an announcement of higher capacity servers tonight or very soon. I had a nice ride on MTIC before CALD went public, I was lucky enough to get out near the top at 48 and change, selling when the CALD offering wasn't priced as well as I expected. I have more hopes that the Snap offering will go well, but will get a better picture of that tonight. Too bad the market for high flyers is weakening, but I think that there is still room for a successful offering if revenue growth is good enough in a hot sector like NAS. We'll have to wait and see. Best, Sam