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Technology Stocks : JPM Co. (JPMX, formerly JPMC) -- Ignore unavailable to you. Want to Upgrade?

To: Roadkill who wrote (138)	11/19/1997 6:38:00 PM
From: kvogel	Read Replies (1) \| Respond to of 157

MWalsh, I agree with the bullish scenario but think management was more honest than you think. They probably had to make a go - no go decision by a certain date to have the secondary in December. If the overseas markets caused a 1000 pt drop in the DOW they could be sitting with a secondary at 20 or less. I think the other factor is that with the uncertainties in international economies there is no rush to expand right now. The company is in a good position to do the secondary at their leisure. I'm very bullish on JPMX's future. I think they really want currencies to stabilize along with international markets before they expand. Your writeup was very thoughtful! Karl