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Technology Stocks : The Roaring Twenty 1998 -- Ignore unavailable to you. Want to Upgrade?

To: Bill Holton who wrote (164)	8/19/1998 9:42:00 PM
From: White Shoes	Respond to of 338

If your focus is long term then this stock is on sale for sure. Because of its solid link to BCE I wouldn't be too concerned about its performance in a bear market...it should hold up well. The fast growing market for their solutions should throw all the business at them they can handle and they now have a very large friend to get them new business. Of course the financial structure has become more complicated. The only reason I haven't yet put IFM back in this portfolio is that it's a pain to do the currency conversions by hand and I get misleading totals using my usual portfolio manager utility. I should probably just bite the bullet and put up with it though. Of course, a number of companies in electronic commerce are on sale right now. HWP, CKFR, CMIV. I would say they're all in buy range, though a market timer would want to wait for further calamaties to afflict HWP (it is simply overvalued and needs to be brought down to about a 10X 1999 P/E so needs to drop another 20%) before wading in. I believe in this trend, the fast growing market for certain electronic payment solutions...and people should be giving all of these companies a hard look, market pessimism won't keep these down forever...even if the big recession is on the way. People are going to be really surprised at how well Verifone does when this trend really kicks in. Same goes for CKFR IMO although I need to do a bit more homework on that obviously.

To: Bill Holton who wrote (164)	8/20/1998 10:29:00 AM
From: SpecialK	Read Replies (2) \| Respond to of 338

White Shoes, Buying more Humcf with the stock buyback of up to 1million shares? Wanted to let you know of 2 special situations. Mergers and arbitrage which has left a good % gain on the table. WAXS - TELC Telc is at 14.5 and will be bought at 17, as long as Waxs stays above 29, it's at 30 now. MIFGY - ISLI Isli at 18, will be bought at .55 MIFGY shares which are at 38, puts the buy at 21. Both are to be closed out in September. So we're looking at 15% gains in 1.5 months, not bad. What do you think?