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Technology Stocks : Hummingbird Comm. (HUMC) -- Ignore unavailable to you. Want to Upgrade?

To: ray jump who wrote (1299)	2/1/1998 10:58:00 PM
From: Martin Goldenberg	Read Replies (1) \| Respond to of 2018

I think the key point here, is that HUMCF is being seen to be managed too conservatively. But that is okay with me. They'll be around for a long time. If they keep growing at a rate of 20% per year, it'll be a matter of time, say, within 12 to 18 months that it will reach $70 US, conservatively. Martin

To: ray jump who wrote (1299)	2/2/1998 8:20:00 AM
From: Dr. J	Read Replies (1) \| Respond to of 2018

I agree with yours and others comments: they have way too much cash in the bank. Interest income would indicate it is yielding 4%,and yet the company has an ROE of 28%. WHen they did the Andyne deal, they did it with stock, not cash, which sends the message that the stock is fully valued. A stock buyback would also be good, but doesn't seem to be happening. Perhaps they are unfavorably compared with Corel. Too bad - Corel is a disaster; in fact it worries me greatly that Cowpland is on the Board for HUM - lets hope he doesn't unduly influence them, because his market sense is nil IMO.