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To: Q. who wrote (880)2/26/1998 11:31:00 PM
From: spiny norman  Respond to of 2506
 
John, Thanks for the news re the filing. Last week BASEA did use a significant chunk of their remaining cash to buy the money losing operation of one of their competitors on the left coast, so maybe the lurch down was related to that.

I think the cultural realities are that a money losing, former East Coast defense contractor is going to have a tough time absorbing a Silicon Valley firm. I currently have no intention of covering in the near term ... maybe ever.

regards,

spiny