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Technology Stocks : PWAV- the hot new IPO -- Ignore unavailable to you. Want to Upgrade?

To: Sorin A. David who wrote (558)	1/14/1998 3:51:00 PM
From: Mike Winn	Read Replies (2) \| Respond to of 1491

Sorin, Thanks for the tip. I just dumped mine too. The rumor may be wrong but I can't stomach a big loss either. So much for Mr Chen's enthusiasm. Mike.

To: Sorin A. David who wrote (558)	1/14/1998 3:52:00 PM
From: Sung Q. Kim	Respond to of 1491

Well, interesting story. Even though it's quite contradict to the story that I heard, I thank you for the sharing the story. Anyway, I think your strategy is a good one. I'll follow your track. Best regards,

To: Sorin A. David who wrote (558)	1/14/1998 4:32:00 PM
From: JOHN CHEN	Respond to of 1491

As I stated in my previous message, I believe PWAV will report $38 mil in sales. This is the breakdown: Of all the orders annouced and to be shipped within this quarter is $28 mil; order shipped from existing backlog prior to new order annoucement is $10 mil total $38 mil current profit margin rate: 13.2% total profit $5 mil $5 mil/ no. of shares outstanding = 28 cents which 1 penny above estimate