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Technology Stocks : The Panda Project (PNDA) -- Ignore unavailable to you. Want to Upgrade?

To: TheLineMan who wrote (821)	2/5/1998 2:36:00 PM
From: Rubber Man	Read Replies (1) \| Respond to of 1521

Saw the 35000 block today? Dumped at the high I think. (Or bought from a short?) Computers are coming down in price- you can get better for cheaper every other day. You can't command such ridiculous prices without something the customer desperately needs (eg a Bloomberg machine). With a market cap of over $60 million, even without a worst case scenario there just isn't enough pieces of this company to go around for vultures to fight over. I'm not sure if lawsuits are even worth it in this case.

To: TheLineMan who wrote (821)	2/5/1998 2:41:00 PM
From: Mike Farmwald	Read Replies (2) \| Respond to of 1521

Probably the truth is closer to the more straightforward view. Panda ran out of money in Dec. and Helix was faced with either losing its entire investment or coughing up more money. Helix was probably pretty unhappy about the deal (how many times now has Panda been 3-6 months away from profitability - we just need another $10M or so) and so said this is the last time and futhermore we want some additional protection. Hence, the current deal. I'd love to believe in dire secret plots, but I don't think they're true. Among other things, Helix would face huge lawsuits (Stanford also, but his pockets aren't very deep). Too little to gain and too much to lose. In fact, I'll bet they wish they (Helix) had never heard of the Panda Project or Stanford Crane. Mike