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To: slipnsip who wrote (301)	3/2/1998 3:11:00 PM
From: David Morgan	Read Replies (1) \| Respond to of 717

These "Wired" stories have raised a question with me. I didn't know anything about wired until today. Are they a legitimate source of business news, such as WSJ or IBD? Or are they just another of the many "newsletters" out there, who report what they want to report in order to manipulate a stocks price?

To: slipnsip who wrote (301)	3/2/1998 4:18:00 PM
From: Rande Is	Read Replies (2) \| Respond to of 717

David, you have obviously skipped doing your math. The money outlaid by the VC's pales compared to what they just picked up by trading their shares. This is assuming that most of Echomedias purchase was in stock, and they didn't pay more than my guesstimate of 10 million cash for softbank. When you say "pales" do you mean they tripled their investment? If that is what you meant, then at an Average Mean Share Cost of .75 cents/share they would have needed to pour 40 million shares into the float. I certainly did not see that sort of volume go by. Doubling their investment would have taken 26,66,666 shares. No way. Breaking even would require dumping of 13.3 mil shares. Doubtful. I agree that the "new owners" may have scared off some execs [speculative]. But I believe you are wrong in that no scam took place this week. Now God only knows what is in the hearts of men. So, I am not speaking of their intent. But these dubious newsletters have gone as far as asserting the guilt of Mr. Hayton, because he has a history of being sanctioned. So what we investors have picked up by reading the "NEWS" is that Mr. Hayton is guilty of "almost" comitting a scam. Boy that one will sure hold up in court. Yarek Szolomicki's post 299 adds Wired did a similar story on Newbridge, slamming Newbridge and the entire ATM sector in the summer of 1996. The stock got hammered only to triple after that. I FIND THAT FASCINATING. SEC, if you are watching: Don't you find this an interesting subject? Rande Is . ~~NOTE: see prior disclaimer.