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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: Gordon Quickstad who wrote (609)	3/12/1998 1:45:00 AM
From: James M. Bash	Respond to of 1250

You make a great point, and it applies many times over here (for ACTM) because the float is so thin. This stock can move big when the wind blows hard... ;^)

To: Gordon Quickstad who wrote (609)	3/12/1998 8:52:00 AM
From: jeffbas	Read Replies (2) \| Respond to of 1250

Yes you do make a great point. However, we do not now know if the books were cooked and the entire advance to $48 from where I originally bought it at $11 was phony. My guess is that we are not facing that, but I do not really know. (They never could get their inventory turns up to competitive levels and I suspect we may soon find out why.) I do not expect the company to make materially over a $1.00 anytime soon. Therefore, in view of management's demonstrated lack of competency, I do not see why a price above $15 (p/e of 15) is a reasonable near term expectation, unless there is a sell out.