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Technology Stocks : RRRR - ICC Technologies/Rare Medium -- Ignore unavailable to you. Want to Upgrade?

To: Musya who wrote (782)	5/19/1998 10:12:00 AM
From: Musya	Respond to of 954

From the Yahoo board: conversation with Gross: ------------ <- Previous Next -> Message 769 of 770 Reply Interest rates & Irwin Gross DR_Mackay May 18 1998 10:54PM EDT You are correct about May 19, tomorrow the Federal Reserve Board gets together to discuss among other things interest rates. Concensus is they will stay put, this being demonstrated by the bond market today where the long bond was up close to a point. Also inflation is in check and there are signs the economy is slowing somewhat. Changing the subject, I spoke with Irwin Gross again this morning as I had a couple of questions after my chat with him last Friday. 1. If they do a secondary offering of shares Gross doesn't really see earnings dilution if a) the proceeds are used to retire debt or b) the proceeds are used for an accquisition where the increased revenues from the addition of a new company(s) would enhance the bottom line. 2. If the AC company is spun-off to ICC shareholders then the new company, Rare, would not benefit financially as both companies would be owned by ICC shareholders. If the AC company is sold-off, big difference here, then naturally the new company, Rare, would gain financially. So remember, there is a big difference between a spin-off and an actual sale of the AC business. 3. Last Friday he described the internet business as "fantastic". By this he means fantastic from a growth standpoint which is exactly what I wanted to hear. 4. There should be a conference call this week. 5. They are trying to arrange for the shareholders meeting, when the name and ticker symbol change could take place, to held in June. 6. There should be some fairly significant news out regarding the internet business this week. 7. The company is comfortable with the $10 million prediction in revenues for the internet business which they stated on 4/15/98. Hope all of this is interesting and beneficial to all, see my post as of last Friday for other information. BTW the stock acted exactly as I thought it would today. All of the people dreaming of it shooting straight up to $10 must be realistic and patient, it will happen. ------------------------- Musya