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Technology Stocks : The Panda Project (PNDA) -- Ignore unavailable to you. Want to Upgrade?

To: TheLineMan who wrote (1129)	4/5/1998 1:17:00 PM
From: Jim Revell	Read Replies (2) \| Respond to of 1521

I have been following this stock for the last three years. I have seen the low and the highs. A few points: (1) Technology works. Only issue is it commercially viable. The answer is probably yes (ie JED approval etc.). (2) Can management execute a business plan. To date the answer has been no. As a result of the last few discount deals the influence of Crane has been reduced and that has been an additional positive. Even he must acknowledge he cannot operate this company at the level it needs to be successful. (3) Some of the participants in the discount deal are real pros and Helix, a venture capital fund who put out the bridge loan are no dummies. They would walk away from their investment if Panda was not capable of turning the corner. The day to sell is when you see them heading for the exits. Undoubtedly there will be more money made by the shorts on this stock but my sense is that over the next twelve months those long the stock will make just as much. I see 8 to 10 before October.