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Technology Stocks : Nam Tai Elec. (NTAI) -- Ignore unavailable to you. Want to Upgrade?

To: Marc Wester who wrote (1260)	3/16/1998 8:01:00 PM
From: mod	Respond to of 1696

Marc, If they hadn't issued those shares and warrants and raised all that cash, which they appear to not have any good use for, I agree, the earnings would have looked great! However, the immediate 33% dilution (and another 3 million shares down the road) kills them. Nobody gives you a multiple on CASH, only on EARNINGS. IMHO, I think the stock would be higher if they had never done that wacky offering. Dennis

To: Marc Wester who wrote (1260)	3/16/1998 8:02:00 PM
From: j rector	Read Replies (1) \| Respond to of 1696

One of the things that bothers me about NTAIF is the 'bass ackwards' way of doing things. It seems to me that you should at least have a good idea of what youre going to do w/the money before getting a war chest. IMHO, NTAIF did it because someone told them it was a good time to--not because there were any acquisitions immediately contemplated. Hope I'm wrong.