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Author: MotleyGeo One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 141  
Subject: Re: Break even Date: 12/15/2005 10:05 PM
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Hi WotPeed - I've seen it posted around here that you hold forever and never sell...well almost never. In my prior life I was more of a swing trader, so holding is new concept for me.

You bought around the time of the bubble burst. Upper management made the decision at the time to hire laid-off engineers on the cheap, push development and let financial ratios suffer. Between the market and this investment there wasn't much to get security types excited so it did nothing. I believe continuing developement in the face of lagging sales is a long term strategy that will take a long term view to appreciate. It speaks volumes about managements confidence.

The two founders still own copious shares and are involved. Upper management has been paid well in shares and from what I understand many other employees have stock options as well. I believe there's plenty of motivation to make the right long term decisions. Domestically, they have no real competition in their base business.

Unless you are just bored, I would hold the stock for at least another year.

MotleyGeo
Long since October.
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