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

To: Medisco who wrote (634)	1/15/1998 1:15:00 PM
From: Stan Howe	Respond to of 1491

According to Yahoo profile on PWAV: 7.8 million shares for float 17.8 shares overall Just today, PWAV has traded about 60% of the float or about 25% of the overall shares outstanding. This has created a great base to work from. I always consider the difference between float and shares outstanding are being held by insiders and I don't think they will be selling at these prices An addition, the company plans on buying another 500,000 shares. That's just a little over $5.0 million of there $67.0 million in the bank.

To: Medisco who wrote (634)	1/15/1998 1:16:00 PM
From: A Kabili	Read Replies (2) \| Respond to of 1491

Sorry guys, there are legitimate reasons why the stock got hammered today. They mentioned orders WILL be postponed or possibly cancelled. If they don't find new business elsewhere, they will not meet the original estimates next quarter. In December, their forward looking statements painted a much rosier picture. I think that management was informed of the news of the order postponements/cancellations within the last few weeks. Otherwise, I don't think they would have bought back shares in the 4th Quarter.