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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?


To: Moneysmith who wrote (708)7/28/1998 6:26:00 PM
From: GR  Read Replies (1) | Respond to of 3015
 
I think you are right.many shorts are scared,and are posting all sorts of misinformation.(see yahoo thread-pluvia).The conferance call and the insight deal are real.There technology is real.There most probably was/is an interested buyer of this company.I would not be surprised to see a deal go down.Lazard Freres was not brought in to play house but to advise them re at what price they felt was attainable.stockrumor.com has forcasted at least 40 comapny buyouts since i've followed them for 6 mths,and they said the deal is almost done.Once when the stock was 14.00;angain when the stock was 25.00.The stock showed good upward movement reaching a day high,then falling back late in the day.I feel The NY post article was obviously a poorly concieved hatchet job.(i.e that there patents were worthless etc..but it did the job-stock tanked).I have talked to supposed experts in this field and they all feelthat there is tremendous upside potential.The patents alone may be worth north of 1 billion.Short term-who knows.Long term rev will increase as cable companies come online.And they are paid per each subscriber.