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

To: DD™ who wrote (282)	1/26/1998 11:54:00 AM
From: joe inti	Read Replies (1) \| Respond to of 329

Probably. Looks like if it holds above 8.5, we could see it move up to the next resistance.

To: DD™ who wrote (282)	1/26/1998 5:38:00 PM
From: Asymmetric	Respond to of 329

There's a lot to like about the news release. $3.7 million divided by 500,000 shares comes out to $7.40/sh. That fact that these guys were willing to pay such a high relative price thru a private placement when they could have quietly bought an equivalent amount in the open market over the past several days at a cheaper price (or at worst the same) is a little surprising, and hence quite bullish. There's an awful lot to like about their business pedigree and present business contacts in the telecommunications sector. Having Oshman, the "O" in ROLM (Rolm was named after the initials of its 4 founders) and Moley, former head honcho of Stratacom and now with Cisco on their board would have been an incredible coup in its own right. For them to INVEST their OWN money in this company is as important if not more so as their placement on CMCI's board of directors, IMHO. If you are judged by the company you keep, CMCI just got judged as being a lot more attractive to hang around with.