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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?


To: stock talk who wrote (7550)11/7/1997 1:08:00 PM
From: Jan A. Van Hummel  Read Replies (1) | Respond to of 14577
 
Frank,

I think you are right. That is the reason the stock won't likely go down
much further. Those that entered at these lower levels did not do so to liquidate
at $4-5/share. The ones dumping are the small disenchanted investors and their
cumulative holdings may not be large enough to make a significant dent
in the price.

IMHO The price can only move down if there is more negative information released.
The current price has discounted all the bad news released to-date.

Mind you, looking at some of the other hi-techs I am following, there is plethora
of companies that have seen similar erosion of their stock price on lesser bad
news.

Jan A. Van Hummel



To: stock talk who wrote (7550)11/7/1997 2:27:00 PM
From: mph  Read Replies (1) | Respond to of 14577
 
Hi FrankTalk:
I don't know much about these particular kinds of shareholder lawsuits, so take the following observation with a grain of salt--in other settings, where it is learned that a highly placed officer or even an employee actually engaged in fraud or misconduct, the failure to terminate that person can be considered a ratification of his/her misconduct on the part of the employer. Of course, since these guys were officers, it is probably a strict liability situation for SIII anyway. It will be interesting to see how this plays out. mph