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Technology Stocks : p-com (pcms) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Lotozo who wrote (934)	1/7/1999 8:19:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1461

My understanding of the text that was posted to this thread is that there is no lowest price (no "floor") at which the recently sold "preferred" shares could be converted to common shares. I haven't had the time or energy to make a more in-depth investigation but this information, together with the lack of any insider buying, was enough to make me cancel my order to buy PCMS at 2+3/4 (which, in hindsight, I now know would never have traded anyway). I'm still watching PCOM... but I'm heavily invested in DMIC (whose management I think is better) which has also risen. But lets not belabor the past... you seems bullish, would you buy PCMS now at $6/share? If so, why? Rob