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Technology Stocks : ESST-the new beginning. -- Ignore unavailable to you. Want to Upgrade?

To: T. J. Kim who wrote (2028)	8/19/1998 8:41:00 PM
From: Rishi Gupta	Respond to of 3493

TJ, 1. The president & his wife are buying its won stocks at $5 to $6 level in May. 2. The re-organization is going on. news sales vp, new CFO, new marketing vp,... It is a matter of time that profits will show up again. These are just two points that support buying. If you look at its history before its IPO (from its IPO prospectus), ESS was run with very effective management. It was making money almost every year. It was only after going public, the company hires too many people such that productivity per employee went way down. The company may waste too much money on some unsuccessful product area/projects. These products/projects, if proven as a failure, need to be cut ASAP. The resources need to be reassigned ASAP to prevent from losing the good people. But you don't have to listen to me to buy ESS at $2.90 now. It is ultimately your own personal decision. R.