SI
SI
discoversearch

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 : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?


To: 45bday who wrote (6999)7/27/1998 9:47:00 PM
From: Rich Dee  Respond to of 10786
 
Don't know the reason behind the sell off today, but I was browsing through the Charlotte Observer this evening and found a little article with Bob Gruder's name in it and thought I would share it with the thread (and get post #7000 also ). This was in the Insider section of Business Monday:

Bob Gruder, the Chairman of Charlotte computer services firm Alydaar Software, has been on the road a lot lately, too, shopping for potential acquisitions. "Big shopping trips," says Gruder, who won't name any of the companies he is eyeing.

Alydaar wants to buy other technology services firms, software developers or government contractors so it can expand beyond its current Year 2000 services business. Gruder says that strategy will help the company keep growing once Year 2000 work runs out in a few years.

Meanwhile, thanks to a bit of private acquisition and development, Gruder has a comfortable new weekend home on Lake Norman to return to after all those trips.

The 39-year-old Charlotte resident recently built the home on a spit of land off Bethel Church Road in Cornelius.

"It's magnificent," Insider hears from one nearby resident who has seen it. "It's made of stone and has cedar shakes. What's really striking is that as the sun is setting and you're approaching the front of the house, the sun shines right through it."

Can't blame him for wanting some of the good things in life. I'm sure I'd do the same thing if I were in his shoes. Hey, Bob, let us Alydaar supporters know when your having the next weekend bash at the lake. Sure has been a long hot summer!

Rich




To: 45bday who wrote (6999)7/27/1998 10:41:00 PM
From: Bob Logan  Read Replies (1) | Respond to of 10786
 
Solution asked: "So why the big sell off today?"

Simple. Profit taking. Happens all the time. And especially after a stock has had a strong run upward -- like Earthlink.

Watch it go up tomorrow.