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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: Nutbuster who wrote (5836)	8/22/1998 12:15:00 AM
From: David Wise	Read Replies (1) \| Respond to of 6297

Re: reverse split, I hope that idea is dead. FIBR did a reverse 1for 3 to get the price over $5.00. Instead of staying around $8.00, it's fallen under $4.00. Now the NAS is probably dead, anyway. Of course this makes it potentially a good buying opportunity. Shares outstanding went from 21 mill to 7 mill. Market Cap is about $28 million with about $100 million in sales. I have seen it work for a benefit, however, such as with USTS (have since merged and changed symbols). They actually did a 1 for 10 and it paid off. Apparently this is rare. If the dilution gets too heavy, they may have to do this, but not at this point. I do wish they had to file like the NAS companies do. At least we'd know how many shares are out.