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


To: Teddy Harton who wrote (5014)2/27/1999 10:58:00 AM
From: James Veteto  Read Replies (1) | Respond to of 5036
 
Zucco didn't even show at the meeting. The clerk Beth (Elizabeth) conducted the show in his absence. I was moved by the lack of shareholders present at the meeting. Boston police officers were there and we had to go through a metal detector to get to the meeting. I was the first one there. I met a nice gentleman from Lowell and talk football (New England Team) but, I came away with something more then 6 buck.

I learned NEVER make a value play on a company that management doesn't own the shares directly. Intel will continue to buy weak company and structure the deal like this one. (All cash deal) Look for this in the future. As computing become cheaper, technology companies will find it harder to grow revenues, larger will buy weaker companies, especially if their shares are held by indivuals. This inturn creates a case for the fund managers who want indivuals to go the mutual fund route. (professional money managers) The risk in buying value technology stocks (or any for that matter any equity) are all of the concerns above and the fact that talented people usually work with other talented people. Intel, Cisco, Microsoft, Sun didn't get to the top having idiots working for them. Buy these companies and stay away from company like Shiva and especially from crooks like Zucco.

I made money on this deal. I bought alot at 3.75 but most lost alot and I'm trurly sorry for them. Good luck to all that have invested in Shiva.

Mark, Gabor and others "what a loooong strange trip it's been".



To: Teddy Harton who wrote (5014)2/27/1999 11:12:00 AM
From: JR2  Respond to of 5036
 
< My thoughts exactly, Teddy H. >
Watching Intel stock drop about 8 points yesterday, fills the air with irony.
The Shiva spell now will work it's devastation on the Big Fish.
When we get our token 6 bucks / share credited to our accounts, let it go towards our next investment which will more than make up for this last one : SHORTING Intel.
It has to work. We are not doomed after all ! I knew their was a way out of this ugly mess !!

Good Luck to you Teddy.



To: Teddy Harton who wrote (5014)2/27/1999 11:17:00 AM
From: Gabor  Respond to of 5036
 
Teddy,
All I can say is that you are right.
Regards
Gabor