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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (35619)	12/21/2001 3:17:04 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 69207

Hi Harry: The clock started ticking on December 4. So that gives them till around 12/15 (its 30 trading days and I’m not sure of holidays so maybe the 17th). I think once they fail they have 90 days before delisting (I think clock starts from 12/4). Here is the nasdaq article. nasdaqnews.com My rough calculation has them burning through cash by February. So I think we hear news before mid Jan. The gamble, it is a gamble as a speculative stock, is that current management will be able to obtain the financing. The problem is they originally expected the sales from cpq to be starting late last qtr with this quarter being robust. Now this qtr if flat and they are hoping cpq revenues show up late this qtr. My impression is CPQ finally selling the zoox switch in Nov (can't link the article). The stock had one good day with no follow through. So it wasn’t a news leak but just a bounce with short covering.