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Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?

To: dfloydr who wrote (1620)	6/2/1998 12:06:00 AM
From: Noblesse Oblige	Read Replies (2) \| Respond to of 3247

Hi D Floyd.... Liz was in yesterday, because I spoke to her. It was supposed to be the first day of her vacation, and perhaps her husband was forced to play golf without her. Whether she will be in for the balance of the week depends (I assume) on the frequency of shareholder calls, the irritation of the other officers that have to handle them in her absence, and whether her hubby has the ability to change his vacation from week to week. <G> It was obvious in my discussion with her that the company was inundated with calls and shocked at the market's reaction to the news. Their shock was no more than my own, but it serves to give credence to Raefon's comments regarding the lack of liquidity. As you know, I have often commented on that same issue myself. It is extremely important that management uses this "hiccup" (OK, this broken arm and leg!) to learn something very valuable. Wall Street sponsorship is important. It may be a pain in the ss to develop, it may take the senior people away from negotiations regarding new cell phone customers, but it should still be a focus. The selling of the last two days amounted to 2.5% of the outstanding shares, and while that isn't tiny...if there was broader interest in the company (rather than merely in the Arizona area), it would barely have made a dent in the price of the stock. As it stands now, the shares are off about 25% in just over a week. And, that was on a $ 4 million shortfall in sales in one quarter. We will survive this, despite the unpleasantness. I hope, however, that management will keep it in mind the next time it has the opportunity to meet with money managers from outside its geographic area, etc. It is a hard lesson to have to learn. And, as partners in the business, all* of us get to pay it. That is why those of us that understand the nature of the securities business have been so vocal in shouting suggestions to those in charge. In the end...the market decides. Best to have some friends out there when you need them.