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Gold/Mining/Energy : Canadian Technology issues
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To: David Bleich who wrote (18)12/12/1995 9:38:00 AM
From: Vartan   of 640
 
I read about one fund manager in The Red Herring who recommended the stock.
The only other thing I read recently was an article in the Financial
Post. Advanced Gravis has gone through some difficulties lately. Following
a year of losses and legal wrangles AED faced shareholder complaints
when 3 directors were issued a new stock options when the co. reported
big losses. The co. reported losses of $1.2 mill on sales of $19.3 mill
for 6 months. Sales were higher but the loss was bigger. In order to
compete with larger US rivals the co. sold sound cards at a loss. One analyst
said that sound cards were a low margin business

This is all I could find on AED. If I find more, I will let you know.

Vartan
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