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Technology Stocks : OVON/Optical Imaging Systems

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To: Stephen D. French who wrote (2)7/19/1997 8:27:00 PM
From: W.F.Rakecky   of 83
 
Hello Steven! OIS has an up an running MASS-PRDUCTIONfacility in Nothville MI. At present they are working on government contracts to retro fit aircraft. The specs are so rigid that at present scrap rate is high. The technology is such that it is not presently transferrable to consumer products. Adjacent to the present facility they intend to construct a consumer products flat panel plant.Scuttlebut has it that they are presently producing an esoteric medical x-ray sensor, Motorola allegedley is lookig to them for phone display panels. It is my suspicion that the company is deliberately withholding news releases driving out present stockholders and repurchasing stock gradually on the open market with the ultimate intention to take OVON private
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