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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

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To: Douglas Ulmer who wrote (217)	7/31/1998 12:20:00 PM
From: David Seltzer	Read Replies (1) of 276

Doug, I don't know if there is a playback,but I will try to recap the CC. 1.Cap expenditures for the first half of 1998 were 2 million and the second half should be 4 million. 2.Optimag R & D expense for the 3rd quarter should be $496,000($.067 per share) and 0 for Q4.Optimag is on schedule. 3.Top 5 customers accounted for 55% of revenues. 4.Turnkey=30% of sales assembly=70 % of sales 5.Parent company,Accel, has bought more shares. 6.cash=$15.9 million A/R=$16 million Inventory=$10.7 million 7.The 3rd project in the press release is assembly only and occupies 3 plants(consumer electronics).The OEM occupies the factories(shelter arrangement). 8.They continue to look for acquisitions. Everything else seems on schedule(see my prior posts). I was pleased with the CC in that at least 4 institutions participated. The latest First Call dated 7/29 shows eps for Q3 at $.25. David

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