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Strategies & Market Trends : Crash and Burn 2001 -- Ignore unavailable to you. Want to Upgrade?

To: xaver17 who wrote (10)	7/10/2001 2:13:07 PM
From: Dale Baker	Read Replies (1) \| Respond to of 207

Thanks - I am already short LVLT and CWON is on my target list. There may not be enough left of the others to chew on. ;<) Anything outside telcoms look terminal to you for 2001?

To: xaver17 who wrote (10)	7/12/2001 7:13:48 AM
From: Dale Baker	Read Replies (2) \| Respond to of 207

NOPT - a real butt-ugly picture there. Someone correct me if I am wrong, but NOPT forecast $30m revenue in 2001. Direct costs will be about $24m, SGA $28m and interest $20m plus their latest financing at 18% (!), figure $1.3m in 2001. So $43m cash burn in 2001 or almost $33m still to come starting in April. NOPT had $24m in restricted cash on March 31 and just raised another $15m. Cutting it pretty fine, aren't we? Guess that's why NOPT is looking at "additional funding arrangements being discussed with other parties". They will need it. I am amazed to see this one over $5. Hope someone has shares to short.