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Technology Stocks : ACT NETWORKS -- Ignore unavailable to you. Want to Upgrade?

To: Eye who wrote (2152)	12/2/1997 7:26:00 AM
From: John Kratus	Respond to of 2326

Eye: eye agree that this is a good buying opportunity. Is ANET a wonderful company? No way. But everyone who wanted to sell has sold (or nearly so), and the stock has nowhere to go but up. The share price includes ANET's $6.64 per share in cash plus the perceived value of the company. At $8.00 a share, investors are valuing the company at $1.36 per share, or $12.6M, plus ANET's cash. IMO, investors have assumed that ANET will probably never make a profit again. Several months ago, ANET predicted that its most recent acquisition would adversely affect earnings for two quarters. I owned ANET then, so I took management at its word and sold. Since then ANET has drifted lower and lower as management's prediction came true. If you own ANET, don't despair. There's still some life left in this one. I'm in at 8 3/8, and I expect that when the January effect kicks in, ANET will be at least 10 or 11. John

To: Eye who wrote (2152)	12/2/1997 8:28:00 AM
From: Oscar	Read Replies (1) \| Respond to of 2326

You wrote, "IMHO this is a wonderful buying opportunity ... I just love it when there is lots of panic selling and opportunities like this come up!" It may be a buying opportunity but not because there is "Panic" selling. ANET has been well-known, well-understood and performing in line with a stock whose value is plummeting. The business they are in could allow them to jump back in the game with some new sales wins or technology breakthrough. However, they are currently performing "in line" IMO. Oscar