Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CGRM Centigram -- Ignore unavailable to you. Want to Upgrade?

To: David R who wrote (270)	6/23/1998 7:45:00 PM
From: Red Dragon	Read Replies (1) \| Respond to of 333

I guess the jury is still out as the whether the sale of the CPE business is ultimately good or not. Remember when CGRM sold the TTS to LHSPF about a year ago? Their stock has split since then and risen about 5 fold!!! I think that CGRM's premature sale of LHSPF stock was a spectacular blunder. The TTS was a nifty technology, but CGRM couldn't develop and market it. So the wise thing to do was to get it in strong hands (in this case LHSPF) in exchange for their stock. This way, if they run with it, you profit! Their initial 200,000 shares of LHSPF would have increased to 400,000 with the stock split. Current price is $58 for total net worth of $23.2 million. Subtract the original 5 million dollar sale price for the TTS, and that translates into a net profit of over 18 million dollars, or about $2.50 a share. What a spectacular blunder. The decision to sell was made by the old team, prior to Puette. exchange2000.com