SEDONA Corporation (SDNA) Message Board

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Microcap & Penny Stocks : SEDONA Corporation (SDNA)

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To: rustyjack who wrote ()	1/30/1997 3:18:00 PM
From: robert a belfer	of 731

SOLANA BEACH, Calif.--(BUSINESS WIRE)--Jan. 30, 1997--Torrey Pines Securities initiated coverage of Scangraphics Inc. (NASDAQ:SCNG) with an Emerging Growth Strong Buy rating. Torrey Pines' analysts, Bill Gunderson and Leonard Velis, believe that Scangraphics has currently placed itself in a very enviable position in the burgeoning GIS industry. The analysts expect Scangraphics to earn 5 cents per share in fiscal 1997, and 43 cents per share in fiscal 1998. Revenues are expected to grow from $5.3 million in 1996 to $17 million in 1997, and to $45 million in 1998. They have set a 6-12 month target price of $7 per share and a 12-18 month target price of $10-$12 per share.

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