LANOPTICS (LNOPF) Internet Firewall Message Board

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Technology Stocks : LANOPTICS (LNOPF) Internet Firewall

EZCH 25.49

0.0%

Feb 23 3:00 PM EDT

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To: RONALD H. RUST who wrote (28)	1/9/1997 8:43:00 AM
From: Al Ghiorzi	of 49

I'm bulish. Management has been stating (for the past 6 months) that they were bumping up R&D spending and diversifying into internet software (Subsidiaries NetGuard and NetXchange) and it looks like they are turning the corner. LNOPF has no long term debt, about 18 million cash, and only 5.6 million shares. Management ownership is rising and there has been no insider selling during the last six months. LNOPF has also anounced that they intend to buy back up to 10% of the outstanding shares (560,000) and have put aside 6 million to do this. All in all it has been a long wait, but the company seems to have strong management and a picture perfect balance sheet with a good product line(s). I'm long on about 5,000 shares with a breakeaven of (now) about 9.5. I got squeezed on margin when they fell below 5 for a few days. Check them out at inbox.se and let me know your opinion. - Al

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