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Technology Stocks : Command Systems, Inc. (CMND) -- Ignore unavailable to you. Want to Upgrade?

To: Scott Pedigo who wrote (508)	5/4/1998 10:12:00 AM
From: Jeffrey E. Klein	Read Replies (2) \| Respond to of 1956

Scott, thanks for your response. Do you believe that the preferred stock dividend should have been deducted from the cash offering and NOT 3/98 income earned? Jeff

To: Scott Pedigo who wrote (508)	5/4/1998 10:29:00 AM
From: rainwater	Respond to of 1956

Scott - If you were CEO holding 55% of your Company what would motivate you to project a lower price in short term? would appreciate your thoughts. "I don't buy this idea of the company executives taking an action with the purpose of lowering the stock price. They may have accepted the danger as a side-effect of an action taken for some other reason." My suggestion of stock options was one I can think of to support such an action. There seem to be several why I wouldn't want to lower the price. 1. Takeover by 3rd party at cheaper valuation. I don't see any poison pill in their plan. 2. Holding investors / underwriters get p#ssed off at having to show a loss on paper.. lose investor loyalty. 3. Greater difficulty in obtaining credit based on record. from investment banks. I have discounted that COMMAND management are "freshies" at business as was suggested earlier as I mentioned that Caputo has 1 profit deal to his record. Team members are veterans with experience and not new. By the way I read your earlier mail about the Euro boosting CMND business. I believe since they seem to want to veer away from Y2K having ridden an earlier trend, it is possible but unlikely that Euro will be their focus - except as part of ongoing client projects. Caputo keeps harping on the issue of Y2K moving away from "changing code" to "testing code". I understand some but not all the ramifications of his statement. Also CMND owns only 49% of the Indian subsidiary: so again I don't understand what is their liability there. Well we'll see the stock has stabilized around 6-7 so I am sure - cool, rational thinking will now prevail.