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Technology Stocks : ocom breakthrough technology -- Ignore unavailable to you. Want to Upgrade?

To: Steve Patterson who wrote (524)	7/18/1998 9:31:00 AM
From: John F. Dowd	Respond to of 994

As I said, they are free to short all they want after October 5. I don't think it is illegal to short your own company's stock, but the required SEC filing would raise quite a few eyebrows. I don't know of any case where this has been done openly. That is because you haven't seen enough in your lifetime. One only has to look at the deal PLC did in 1997 and in 4/98 to see one that is worse. If these guys get their stuff together before October- that is the big incentive here. Sure they pay a stiff interest rate but the dilution is at $11.00 which is far above where it is today. I don't think these guys shorting the stock close to conversion is going to harm those willing to wait. Also if OCOM's recovery is strong enough to attract conversion the shorting is not going to be asy to do. It will shake out those who don't think the company is any good. OCOM put themselves in a bd spot this is the price you pay for running out of cash unless you have a better plan and can refinance this deal. JFD