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Technology Stocks : ICOM: Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: james d. hargrave who wrote (338)	4/26/1999 11:08:00 PM
From: Snowman	Respond to of 494

If the conversions are truly halted we could see nice share appreciation.. Taken from today's release:"it was discontinuing conversions of shares of its Series C, D, and E preferred stocks into shares of common stock for an INDEFINITE PERIOD ."What I don't want to see is them being resumed any time soon..they need to be dealt with in a way in which they NEVER appear again. I don't know if this is possible or not, but nevertheless I like this uptrend and am in for at least awhile to see what happens.

To: james d. hargrave who wrote (338)	4/27/1999 6:58:00 AM
From: Wallace Rivers	Read Replies (3) \| Respond to of 494

Hey, Jim (ex-cat): What I've been told is that ICOM mgmt. is royally p****d at possible shorting of the stock in this whole preferred conversion thing. I feared this - even though an agreement may state such a prohibition, where there is a will, there is a way to get this done, IMHO. I wonder if the company has legal recourse if it is determined that such an event occurred. Oh, yeah, I remember $11! But now, $1.50 is like a wet dream for me! But, seriously, the trading action yesterday is reminiscent of when ICOM started its run from just north of $1.50 to the low double digits a couple of years back. On that time, it appeared that an overhang on the stock was lifted on one day, and the stock ran. Not saying it will happen again this time, JMHO and speculation. Wally