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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (51)	7/17/1998 2:32:00 AM
From: Paul Schmidt	Read Replies (5) \| Respond to of 9677

Good gawd, are you people still talking about FSTW!?! I took a little break from SI and what do I find as one of the Hot Subjects? FSTW! Ugh, why are you people wasting time on this stock? Let's look what has happened in the 5 months that I have been absent from SI: DELL: a two-bagger and then some MSFT: up about 50% CSCO: Up as usual SWY: a boring food stock up almost 50% (one of my core holdings) FORE: almost a two-bagger MRK: up about 40% PPD: not up much but raking in the dough and due for some upside FSTW: Hmm, still hovering around $5 And here you all are asking yourselfs "why isn't FSTW moving?" "where are all the analysts upgrades?" bla bla bla. It's quite simple: revenue and earnings! FSTW is still struggling to pull in over 4 million a quarter and still losing money as it has for the past 3 years. Do you really think this is going to change? There is absolutely no reason for Brock to be over $5 given its financial situation and as I said one time earlier this year this is a kind of stock that will end up in the $1-2 range and I still firmly believe that. I don't want to try to lecture anybody but please tell me you are not putting all your eggs into this basket. Don't be fooled by prices. Just because DELL is $117 and FSTW is $5 doesn't mean FSTW is the better value. Stocks like DELL with high PEs go up because they are making tons of money and they are the current darlings of Wall Street and until they stumble as has Nike and Intel then they will continue to rocket. In the meantime FSTW is on a fast track to nowhere and nobody is interested in stocks like these hence the low price. Hey, I am not saying I haven't made some bad calls myself, I goofed on Qualix and SFAM but I knew when to give up and move on. Believe it or not there are still some incredible bargains out there. I suggest you stop being blinded by FSTW and take a look around. I say this with all seriousness -- FSTW could easily be $1-2 by the end of the year. I've seen this happen for too long to a lot of companies with negative cash flows and declining revenue streams. One day it gets old and people give up on it. This could easily follow the likes of CNTR, GANDF(anybody remember that one?), Docucon, BICO, and numerous others. Good luck,