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Gold/Mining/Energy : MOSAID Technologies Inc.

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To: Barrie Walker who wrote ()12/8/1996 7:47:00 PM
From: Dave Macki   of 219
 
Hi Barrie - I live in Ottawa where the company is located so I see
alot of the press for the company (they are actually in Carp not
Ottawa). I also own a small amount of their shares (300).

The big drop in their stock price was that they cancelled a conference
call with analysts, who were interested in discussing the company's
recent stock price decline and their predictions of future earnings.
Mosiad had cancelled the call with out any reason and did not respond
till the next day. They said they did not want to have a conference
call as they felt that there was no new info to be brought out.

They slow slide in the stckprice was that the company had announced
that they were going to put more money into R&D so that the near
future earning wer going to slide. Predictions for this year are in
the $0.80 range.

The one aspect that I like about this company is that they have been
around for about 25 years and have 95 patents (I think).
There new work is in the SDRAM area.

Regards,
Dave Macki
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