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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: drakes353 who wrote (29226)	7/26/1998 11:17:00 AM
From: Daniel Miller	Respond to of 33268

Shorting time?

To: drakes353 who wrote (29226)	7/26/1998 1:13:00 PM
From: Alan Edgett	Read Replies (1) \| Respond to of 33268

Yeah...and amazon is appropriately valued at 2x the discounted value of estimated cash flows beginning in the year 2001 (assuming they quadruple sales between now and then). Stranger things have happened with Goodwill Drakes...we're not talking assets, obviously. This would only happen because of buyer demand, which I don't personally think will manifest, but if someone wanted the patents and tech to integrate with their system for some reason, I think RACE could probably charge them $4-5/share. Do you really think they'll pony up with another dilutive deal? Who on earth would give them $5 mill now for 2.5 million shares of a stock that would most certainly return to the depths of Chap.11 upon an announcement, before conversion could take place? I don't know...you certainly have more experience than I with these deals, but that kinda math gives me a headache. I think the only sensible thing is the announcement of someone buying the company outright to infuse cash (maybe a tender at $3-4)? edge