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To: Robert F. Newton who wrote (13702)	5/7/1998 9:52:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 17305

Robert, ALYD's shareholders' meeting is on 5/22. Logic would dictate ALYD has planned some good news for us restless shareholders (gg). Like all the Y2K stocks nowadays, ALYD is languishing. That despite going from revenues of $2.5M to $6.2M to $8.4M, and earnings that went from .01 to .09. People are speculating all sorts of reasons for ALYD's depressed price, but, for comparison, just about every Y2K stock has gone nowhere on good earnings-- whether they are perceived as a Y2K stock or not, whether they have articulated a post Y2K strategy or not, and whether they have cash in the bank or not. Save some of the pennies, no Y2K stock has done well in two months. Here's my sample portfolio of 40 Y2K stocks. On 3/16 each stock was worth $10K. More than a few are already under $5K! techstocks.com I have no doubt the sector will get hot again. I just have no idea when. Therefore, it's impossible to know whether Y2K stocks are a bargain right now or a huge gamble. Maybe we'll get lucky and the Times will put Y2K on the front page like they did with EMND (gg). - Jeff