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To: Roger A. Babb who wrote (463)	7/6/1998 6:26:00 AM
From: tonto	Respond to of 994

Roger, I tend to agree with you. The company is in a positive spin of bad news right now, and will hope to drive some excitement with some additional releases. Investors have had a long weekend to consider this last minute financing package which does not meet their needs, system functionality not working, (interesting term for it does not work) loss of key employees, move away from key market,Unysis very angry(?), The whole story is not fully out there in the marketplace, and this stock has a way to fall, IMO.

To: Roger A. Babb who wrote (463)	7/6/1998 7:53:00 AM
From: Q.	Read Replies (1) \| Respond to of 994

Roger, I agree that the latest news of product problems and management turmoil suggest more bad news to come. That's one reason to be short. Another reason to be short is the financing situation they are confronted with. The situation bears much in common with PNCL about 18 months ago, when there was turmoil in the executive suite, a product that was badly delayed by technical problems and then never sold very well in the face of strong competition in a rapidly evolving area (in PNCL's case, removable storage), and discounted convertible financing that became increasingly insufficient to carry the company as the market cap slid, creating severe cash problems that led to layoffs, which exacerbated the whole problem. PNCL's chart etc. can be seen at quote.yahoo.com In the case of PNCL, taking full advantage of the situation required several quarters of being short, as you can see from its chart.