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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: Stan Walker who wrote (2679)	1/15/1998 8:45:00 PM
From: Michael Greene	Read Replies (1) \| Respond to of 10309

Stan, The 13G is a notification of ownership not notification of the amount of a new purchase. Pilgrim Baxter has been a large holder of WIND for a long time. If you look at the proxy for last July's shareholders meeting you will see that they held 2,631,225 shares at that time. The 2,802,470 shares in the 13G just indicates that they have made a modest increase in their holdings since then and this would not be expected to have a material effect on the price. There has also been no SEC notification of any private placements so there is no reason to think that there has been dilution beyond the regular employee stock option dilutions -- that is bad enough but seems to be a necessity for doing business in the software world. Michael

To: Stan Walker who wrote (2679)	1/15/1998 8:48:00 PM
From: Snowshoe	Respond to of 10309

>>I'm just guessing but if someone bought 10% of a company you would expect the price to go up, the fact that it didn't means they bought the shares from the company and now instead of 28mm shares we have 30+mm shares so the effect is dilutive and all estimates regarding earnings have to be reduced by 10%...<< Stan, that's ridiculous. The company is BUYING shares under an announced plan, not selling them. Theoretically if someone bought 10% of the shares it means someone else SOLD 10% of the shares. Share price is determined by supply and demand, not just demand. Greg