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To: Rashid Garuba who wrote (5799)3/19/1998 6:19:00 PM
From: Paul Moerman  Read Replies (1) | Respond to of 8835
 
This is out on Yahoo: biz.yahoo.com

"The Company also announced that it has been notified by the Nasdaq Stock Market that the Company's common stock will be delisted at the opening of business on March 27, 1998.

Nasdaq's delisting notification is based on its review of the price data covering the ten consecutive trade dates prior to December 22, 1997 and determination that the Company's common stock has failed to maintain a closing bid price greater than or equal to $1.00."



To: Rashid Garuba who wrote (5799)3/20/1998 9:34:00 AM
From: Rande Is  Read Replies (4) | Respond to of 8835
 
RE: Carver. From what I can find out, they have not shown their hand on the future of the company. Back in October, they announced a joint development agreement with ATCO on Carvers new invention, HSS [Hypersonic Speakers]. Real Star Trek technology for speakers. Carver was unable to have a working prototype by January 1 as promised.

My guess is they actually did get a prototype ready and sounded like crap. Suddenly all talk of HSS and mention on website vanished. Then three directors 'resigned' in January. [couldn't afford to pay?] Carver spent a small fortune on R and D on HSS technology. Suddenly they are nearly broke, when compared to the Carver of the Seventies and Eighties.

They are late filing their 10Q with no explanation. [Never a good sign]. Their products still sell at Circuit City, but they cost considerably more than other brands that sound darn close. The competition is fierce.

Last year, Carver closed it's factory in Washington [near Seattle] and opened a much smaller facility. It seems this Circuit City deal is the only thing they have going on, and there is no guarantee that CC will continue buying Carver's products.

I'd say they put all their eggs in two baskets. Price is tempting, as is the float, but until company tips their hand as to whether they think they can pull through this mess, I would say the stock is too risky at this time. Give us a sign.

Rande Is