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Technology Stocks : SkyMall (SKYM) -- Ignore unavailable to you. Want to Upgrade?

To: Arrow Hd. who wrote (511)	12/29/1998 11:07:00 AM
From: Jules B. Garfunkel	Read Replies (1) \| Respond to of 987

Arrow, Why don't you compromise and sell some of your SKYM this year to lock in just some of the enormous profits. As you say, having profits to have to pay taxes on, is a nice problem to have and is a lot better than having losses. I'm sorry that I don't have time to go into more detail on this now, but I think you will want to hold onto your PTEC. I will be able to tell you much more after the 15 th and after I have met with the CEO at the New York analyst's meeting. I can't promise you an upside surprise from that meeting, (although I do think that their could be, and should be one). I can promise you though that there will not be a downside surprise. I have spoken with the company frequently during this quarter and get the impression that they have been understating expectations so as to ensure that they meet, or beat, them. The company recognizes that they must improve their credibility with investors and are taking the necessary steps to make this happen. Anyway, the bottom line, in my opinion, is to stay with PTEC for at least the next month and preferably for the longer term. They are in the right businesses and should profit handsomely, although indirectly, from anticipated growth in both e-commerse and Y2K. Regards, Jules