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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: P. Ramamoorthy who wrote (9187)	1/26/1998 6:49:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 13949

Ram, on the one hand, we all know that many Y2K companies have a truckload of paper (options, warrants, reg s/d shares etc), so many will have quite a gap between "basic" and "diluted" earnings, which is not good. On the other hand, I suppose the "street" expects this to be the case since private placements, secondaries, etc seem to be quite common as a means to raise cash to keep the operation going while ramping up for the predicted onslaught. Personally, I think this is a great idea for investors such as me whose eyes glaze over trying to read financial statements. One thing that I've learned watching Y2K stocks is that even the most promising of companies can have their stock price mired in the muck, or worse, manipulated, when there's too much outstanding paper. - Jeff