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Technology Stocks : Copytele - Another XEROX in future -- Ignore unavailable to you. Want to Upgrade?

To: Elliot Mausner who wrote (1010)	10/29/1997 1:05:00 AM
From: Ricardo Bekin	Respond to of 1320

On the Motley Fool site there is a recap of the events surrounding the 1987 crash. It is a fun read and here is the link: fool.com The entry for May 16, 1987 reads: "Speculative companies with little more to offer than interesting stories account for many of the year's best performing stocks. Among them are: AT&E Corp.,a company developing a wristwatch-based paging system; Copytele, a company that makes flat-panel video display products; Carrington Labs, up on speculation that a drug it has can reduce AIDS symptoms. Analyst Evelyn Geller of Blair & Co. says of AT&E, "The thing could trade anywhere -- up to 30 times earnings. So you're talking about $1,000 a share.... You can't put a price on this -- you can't. You don't know where it is going to go. You are buying a dream, a dream that is being realized." Although Geller speaks specifically of AT&E, her comments can be taken as a general indicator of the type of analysis that has caused these price eruptions. AT&E, for its part, no longer trades." Ricardo