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Technology Stocks : Platinum Technology -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Happy who wrote (3436)	3/16/1998 1:57:00 PM
From: James Wright	Read Replies (2) \| Respond to of 4148

I monitored the conference call this morning announcing the acquisition. According to PLAT, it will issue 8.03 M shares and LGWX has $40 M in cash. PLAT and LGWX expect the deal to be finalized around May. PLAT stated that it is not currently working on any other acquisitions although there is a strong interest in beefing up the company's service and support capabilities through some possible future acquisition. PLAT's stocks have been holding steady today with only a slight dip. Thus, LGWX conservatively is worth around $15 per share on this deal. There was an erroneous headline "PLAT to buy LGWX at $13.32 a share . . ." following this morning's announcement which creates a golden opportunity to buy while the rest of the market sorts out the true facts. Once the correct numbers are crunched, I suspect we will see a quick 10% bump up in LGWX price. Hopefully, this will take place over the next couple of days. Again, buy LGWX on the confusion. The upside potential is enormous, and I see almost no downside with the current price which is hovering today at between 13 1/2 and 13 3/4.