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To: Dale Baker who wrote (2925)2/4/1999 9:01:00 PM
From: Dale BakerRespond to of 118717
 
I was reminded by someone that CNN carried a rumor that YHOO will buy out PQT, so caveat emptor on any short position. I'm dubious. PQT now trades at 3.5 times sales and has virtually no other equity or value. No way YHOO would pay more than 5 times sales (which is a reach). The down side for a short position is de-listing and penny status versus a risk of a buyout at $9 or 10.

Just compared EXDS to VRIO - half the sales, twice the market cap, similar burn rate in percentage terms....and twice the share price. I tend to think VRIO is going a long way up this year.



To: Dale Baker who wrote (2925)2/4/1999 9:56:00 PM
From: Mao IIRead Replies (1) | Respond to of 118717
 
Dale: We are not talking GE here. This is a dice roll. M2.
PS: PQT is definitely short material. But I'd really think twice about shorting in the ayem. It was at 8 afterhours, presumably on the CNN report. If there is substance to the rumor, forget it. M2