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To: Jerry Miller who wrote (3202)8/3/1998 1:06:00 PM
From: dwight martin  Respond to of 10081
 
Hello Jerry - I don't necessarily attribute this slide to the convertible holders. I do think, though, that the existence of the converts, and the fear they inspire, coupled with the somewhat overbought condition of the stock, set us up for it, and the allegedly bad ER and bad market conditions triggered it. I think the stock will stabilize in the range of 7-8 for a while until people can assess the service make better revenue projections, BWDIK? As they say, even a stopped clock is right twice a day.

BTW, I spooked and ended up getting entirely out of my small position on Thursday in the high 10s. Looking to get back in, though.

Later.