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Technology Stocks : Identix (IDNX)

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To: Steve Felix who wrote (150)2/26/1997 11:08:00 AM
From: brad greene   of 26039
 
Steve, Dennis, all Identix,

RE: Printrak

Company was formed in 1974 as a business unit of the Navagation Systems division of Rockwell International...Acquired by Thomas De La Rue and Company Limited in 1981....Public offering of 2.5 million shares prospectus date July 2, 1996....offered at $8.00.....Insiders sold 500,000.....Total shares outstanding following offer was 9.4 million...71.9 % held by insiders.....Total capitalization....30 million.
Richard M. Giles listed as owning 6.2 million shares.....He is the CEO and is listed in the prospectus as having a salary of $500,000 and bonus of $500,000. hmmmmm. Next three officers....$148,000 salary and 35,000+ bonus.....each.

Total Revenues: 18 million, 18 million, 36 million....in 94, 95, 96,
During 1996....State of Louisiana was 18.2% of total revenue (8.3 million)

Company states...."The company seeks to offer full spectrum solutions that automate law enforcement workflow, from investigation to suspect booking through identification, legal processing, incarceration and release." They list their primary competitors as being NEC, MORPHO and TRW.........

Conclusion.....These are AFIS competitors
Printrak phone #....888-321-AFIS
bg

ps. Don't let Randy Fowler know what these guys are getting paid!
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