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Technology Stocks : American Mobile Satellite (skyc) -- Ignore unavailable to you. Want to Upgrade?


To: Bruce Cullen who wrote (256)5/17/1998 11:48:00 AM
From: VALUESPEC  Read Replies (1) | Respond to of 400
 
Bruce, this stock will almost certainly go to $ 15+ for at least a brief time IF the ACTEL deal goes through. Many are waiting to see if that deal goes through, and when/if it does, it will be big news.

Also, with SKYC small float that could make it rise quickly as it did when the large, successful bond offering news came out a couple of months ago.

After that bond offering, the new low-end resistance became $ 10.00 per share, where before the bond news the low-end resistance was about $ 7.25. When/if the ACTEL deal is completed, SKYC, likewise, should find a new higher base again.

If this company can demonstrate that subscriptions to its services are increasing, this stock could really fly, coupled with an ACTEL deal. And all that is not to even mention the digital radio investment that they have which should generate more and more interest.

Individual Investor (INDI) magazine featured SKYC as one of its cover story stocks for June. It appears that the fund which INDI has an interest in, does not own SKYC and that the article was not a paid article. SKYC was featured along with a number of other companies such as Global Star and CD Radio (with a plug in it for SKYC, again, as the only other play on the digital radio market).

I hope this helps! And remember, the INDI magazine with SKYC in it will be out for another month since it is the June issue !

Note: These are just my thoughts on what is going on. This stock, because of its small float, tends to go up and down quickly, and, therefore, tends to be hard to predict.

SKYC: $ 12.125b $ 12.38a

VALUESPEC
valuespec.com