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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: Dorine Essey who wrote (4492)	12/11/1998 2:33:00 PM
From: Norman Klein	Read Replies (1) \| Respond to of 8307

EGGS won't be Sunnyside UP for long It is dropping fast and will surely end the day in the red. Had a golden short opportunity earlier today, just wish that I had taken advantage of it.

To: Dorine Essey who wrote (4492)	12/11/1998 3:06:00 PM
From: James H. Irwin	Read Replies (1) \| Respond to of 8307

Congrats...and encore! Let's do it again next week. On a personal note I think skitterish types are just lightening up on some of the internet and tech names going into this weekend. I can understand and appreciate that. I just feel that the result won't mean that much...primarily because I feel Slick Willie will get impeached, but when it reaches the Senate he will wriggle off the line...as usual. What's the line I heard that comes to mind: This is the first time that a One of a Kind beats a Full House! Anyway, once the long tailed cats stop getting nervous, we will more than likely see a reassertion of Portfolio Managers' tendency to plow more of their cash into their winners to bolster their performance: and with eggs: my analysis is as follows: $75 million in cash means we are paying $19 x 24.4 million shares outstanding or $464 million for the business: less the $75 million equals $389 for the company. The last quarter of revenue = $35.0 million, annualized = $140 = 2.77x revenues (now these are not forward 99 estimates of revs like many other of the analyst estimates...so I believe this to be conservative going forward).... Since I was gone for 3 of the most profitable weeks of the year(London, Paris, Prague, Vienna, Innsbruck and Munich...a person's needs to live...right) so I sold most of my holdings as I don't like to be too long when I'm away...(though fortunately I kept 1000 eggs and paid for my trip), and I let you guys make all the easy money I gotta get back and get these stocks moving. While I was writing this I was just spoke with an ex-customer of mine who runs $100 Million+ and he's just waiting til we get closer to year end to ramp up his holdings...like everyone else he gets paid on performance. Oh yeah, I mentioned EGGS and ONSL to him :-)