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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: jas244 who wrote (3434)	4/30/1999 10:56:00 AM
From: Pattie	Read Replies (2) \| Respond to of 18366

Some general thoughts ... I know this is probably a little hairy for those that didn't get in at the very low levels and I've seen some talk on the technology being outdated in short shrift. However, my view is that joint ventures with the likes of Intel, Lucent, Lanier, etc. bodes well for the future. In addition, if you consider the five year history of this company, especially the financial statements, it shows the classic scenario of a company willing to take a financial plunge in order to become a big player in the industry. As far as the financials go, last year's numbers were atrocious (which is totally understandable due to the huge R&D and marketing activity and virtually no revenue-producing endeavors); so there couldn't possibly be any further bad news! Therefore, the financials can only improve. On the growth front, there is only good news. The only reason for a drop in the stock is pure profit-taking. What happened yesterday and what is happening today is totally predictable and may continue for awhile. I sold half my position at the open yesterday at 3.50. I wish I had been on this board because I would have told you guys to do the same. If you noticed, all week the stock would pop at first open, probably due to some neophytes putting market orders in after the bell. (Don't ever do that by the way.) I am planning on getting back all my shares when the slide and/or sideways trading levels off. In short, don't despair. Although I think the "get rich quick" may have ended temporarily, there should only be good things coming in the future! Pattie