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Non-Tech : International Lottery and Totalizator Systems (ITSI)
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To: Gunther Karger who wrote ()7/24/1997 9:52:00 PM
From: Gunther Karger   of 160
 
ITSI rose from $1 to $2 and now has retraced 50% of that move with a price reversal today to the upside. Target for next move is $3.

Earnings are anticipated sometimes during next two weeks and we look for a very strong improvement in revenue and bottomline. There is a reasonable chance that we might even see the 2nd QTR in the black and this would be the first profit in a long while, reflecting the restructured cost basis, product mix and some increased revenues.

We also look for another significant contract announcement in the short term.

Gunther
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