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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SMALL FRY who wrote (29283)	3/25/1999 8:37:00 AM
From: Spartex	Read Replies (1) \| Respond to of 120523

<<DGN - let's face facts... the only reason this is a perennial takeover candidate is because of that cash. Why does a troubled company keep that much cash around and not spending it on research? -'nuf said... JMHO, SF>> Remember the dead dog company NOVL? I was buying lots in the $7 dollar range during Dec97. $3/share in cash to boot, but I was more impressed with new visionary CEO Eric Schmidt, and the fact that he was going to turn the company back into a killer networking king, especially in the internet. Stock trades north of $25 now, and is getting stronger every day. DGN, is trouble, CEO is an accountant, they lost their visionary West, and are floundering. They are using more $$ to advertise and do more research if you've kept up with news/press. Nonetheless, more than enough said, its dirt cheap, little downside risk IMHO. I bought just a few thousand shares, just a small bet. Oh, that cash keeps them alive during bad times if you don't remember business 101. companies without cash.....well.......er.....just wither away ever so slowly.......painful. QuadK