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

To: David R who wrote (252)	4/17/1998 7:16:00 PM
From: Red Dragon	Read Replies (1) \| Respond to of 333

My guess is that CGRM has been dull and disappointing, so a lot of people are just not following it anymore. I think it makes sense to shed underperforming assets, but the price might be a bit low. The CPE division generated 30 million in sales last fiscal year. I'm sure CGRM was hoping for more. What is more intriguing is that CGRM already has over 50 million in cash. Add another 25 million, and you have an astounding 75 million in cash. The total market cap for CGRM is 90 million!!! You could own 100% of CGRM for only 15 million dollars net!! That has got to show up on the radar screen of investors as well as companies looking for takeovers. This deal will give CGRM a cash value of about 10 dollars a share. Thus, there is absolutely no way CGRM should ever drop below or even approach $10, because it would be like getting the company for free. Downside risk is miniscule. Problem is, value and fundamentals don't mean squat in this current market. Hype and momentum are in. Look at the absurd runups in the internet stocks. I have several other stocks that are a great value, but are just sitting there.