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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (4945)	6/10/1998 10:02:00 AM
From: RCJIII	Respond to of 25711

CNGR- Should go higher today, they own 222,222 of hot IPO Inktomi. Their basis is $4.50, Inktomi was priced last night at $18 and is expected to shoot to over $30 at the open. This will represent a several million dollar paper profit for CNGR. A press release should come out today telling the public about their ownership of these shares. Thus far it has only been revealed in an SEC filing. Should get a nice pop and piggy back on the excitement of the Inktomi IPO. Other fundamentals. $7 million in cash, no debt, revenues up 1800% in quarter just reported, .07 per share quarterly profit. Company expects .35 for this year not counting any Inktomi Cap Gain. Stock is selling at $4.56. Creates a PE of about 13 for a company growing at 1800%. RCJIII