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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: GerryMiles who wrote (5209)	1/30/1999 5:39:00 AM
From: whitephosphorus	Read Replies (2) \| Respond to of 11417

My ONLY WAVX concern..... I think that the newer products could work, although there is a lot of competition. Gerry Feeney, the new CFO, is a real CFO. Looks interesting. But at $250 M market cap, no revenues, no cash, burning $2.5MM a quarter. The company runs out of money this quarter(per 10Q). A risk is that they get new money in at $50MM value, giving the public real dilution. Longer term, its hard to tell what's real and what's Sprague's imagination. A story stock, even if it works.