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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: trendmastr who wrote (2867)	3/7/2001 10:04:43 PM
From: DiB	Read Replies (1) \| Respond to of 4808

RE: Inrange's lockup. From Inrange's SEC filing prior to the IPO: "Under current law, SPX will not be able to distribute its shares of Class A common stock to its stockholders on a tax-free basis prior to October, 2003, which is five years from the date SPX acquired General Signal Corp." I thought this means that there will be no lockup expiration. What am I missing? Thanks.

To: trendmastr who wrote (2867)	3/8/2001 10:52:39 AM
From: Crystal ball	Respond to of 4808

Price is key on these, so far NTAP appears more oversold than Inrange. But I will look closer at buybacks, more tech companies could take a leadership role in this recovery by announcing more buy backs, to shore up investor confidence. However, due to the Fed, many of these companies have to use their cash to retain their talented employees, since tech staff no longer want a large portion of their paychecks to be only stock options (which are cash free incentive plans to the parent company). That is the double edge sword of the Fed's high interest rates, is that it is costing real capital that companies are now in a catch 22 situation and can not even afford to buy back their own bargain basement stock, it has to be frustrating to many of these companies. Investors too. We need a leader to start coming in and buying up this market. Personally I feel that we will see a throw back to the 70s oil embargo model, where it ends up being the Saudiis that come in and buy up companies wholesale. I am, Truly your$, -Crystal Ball