Teletek (TLTK): Relaxed and Holding Message Board

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Technology Stocks : Teletek (TLTK): Relaxed and Holding

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To: Jim Ball who wrote (2232)	10/9/1996 7:20:00 PM
From: Joe Williamson	of 3645

Spoke to Ted today (Mills was out). Not much additional info, but looks like filing won't be done until Friday at the earliest, but my guess is Monday (they haven't been early on anything else). Asked if Sep revs would be announce with June's; he doesn't know though he said it had been recommended to Mills. Also doesn't know when Sep EPS would be released - as I said, not much addt'l info. Stock decline most likely due to increasing panic on part of small investors (not many large blocks traded) because of no info and some probably had stop loss parameters. Too, it tends to feed on itself, just as it does going up. Selling begets more selling just as buying begets more buying if the stock is moving on the buying or selling. Unfortunately it is moving on this selling; seems to be oversold here on a technical basis so I would look for somewhat of a recovery in the next day or two, but certainly no guarantee. What we need is the news. One thing Ted did mention is that they will most likely show an operating profit for the quarter even with the loss overall since the extra expenses were due to restructuring or writedowns. We'll see!

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