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Non-Tech : Amati investors

AMTX 1.620

+0.3%

Jan 6 3:59 PM EST

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To: pat mudge who wrote (18200)	5/23/1997 2:28:00 AM
From: Cliff Wood	of 31386

I know this is not very objective with regard to the interpretation of the quarterly numbers however, I feel we can take heart from the fact that the marketing and research numbers have escalated dramatically. The reason I say this is that to allow those numbers to go up at the present rate would be suicidal without a solid expectation that the revenue will be available to cover the costs. I don't think JS et. al. are suicidal. In fact, the mgmt seems to be doing very well and have avoided getting trampled in the elephant dance that is going on in the demand for the broadband solution. The impact of the added costs on the cash position will require a corresponding cash inflow pretty soon so, I conclude that some good news will be forthcoming in the not too distant future. Hope it happens b4 we all turn blue. Regards: Cliff

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