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To: H James Morris who wrote (130147)8/16/2001 8:56:03 AM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
HJ, what the hell does the stock price have to do with market share? AVCI has no more business trading at $4.10 than it did at $174. The only meaning that high has in my book is that it contributed to the stock moving to unreasonable lows. In other words, the fact that the bubble got so big contributed to the extremes to which it fell.

Other than that, I don't care how high it got. So a few IPO investors lucked out and found a post-bubble bubble to play. Too bad for the fools who bought it from them way up there. Boo Hoo.

Speaking of "who", well, I guess they must be gaining share at the expense of those with bigger shares. Could it be CSCO and JDSU? Bottom line is... well... the top line. Q2 revenues for AVCI, at a time when many techs were seeing revenue declines, rose 36% (to $21.4 million. 31% I mentioned before was a typo.) from the prior quarter and 865% from the year earlier period. Do you think they're gaining share? Umm. Duh. Do you think that's an emerging growth story? Gee, HJ. Do you think otherwise?

BTW, my avg cost is $4.49 and no, I don't expect it to regain it's bubble highs.