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Technology Stocks : APSG - Applied Signal -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (760)	4/27/1998 9:35:00 PM
From: Alan Bershtein	Read Replies (1) \| Respond to of 884

>>Ask Navellier << I did. Here's the exchange of email... To: jerryr@navellier.com From: PixManAl@erols.com The following has been posted on various message boards on the internet. Many believe this is a hoax. Would you be kind enough to confirm or deny the validity of this "downgrade". Also, would you mind if I posted your response to the message boards so we may set the record straight? Thanks in advance for your help. Warmest regards, Alan Bershtein Here is the content that is being questioned... Navellier Downgrades Applied Signal To 'Hold' From 'Buy' NEW YORK -(Dow Jones)- Navellier & Associates downgraded Applied Signal Technology Inc. to "hold" from "buy," citing the recent drop in the company's stock price. Louis Navellier, principal of the Reno, Nev., money-management firm, said the downgrade was made after the company's stock broke out of Navellier's acceptable trading range. Here is short summary of what the rest of the aritical said. Navellier owns 108,000 shares which he plans on holding till 2nd quarter earnings are released on May 15th. If the earnings are not what is expected then Navellier said that they would sell the 108,000 shares From: "Jerry Rushing" <jerryr@navellier.com> To: <pixmanal@erols.com> Subject: Re: Please confirm or deny Date: Mon, 27 Apr 1998 10:32:27 -0700 Sir: Mr. Navellier did mention Applied Signal in an interview with Dow Jones News Wire recently. He mentioned that he had downgraded it to a HOLD from a BUY in his managed accounts. Hope this answers your question. Jerry Rushing