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Technology Stocks : NUKO INFORMATION SYSTEMS

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To: Emile Vidrine who wrote (2321)	7/7/1997 10:20:00 AM
From: Herman	of 3509

To ALL: Does anyone know the terms of NUKO's bank line. I believe the line is tied to receivables - that means no sales, no money. I would also bet that the receivables are not "good" until the auditors have reviewed them. No banker is going to blindly lend money to a company that lost 2/3 of their last Q revenue to auditors. Does anyone know if the product really works? I have heard that NORTEL has returned all of the equipment that bought at NUKO's expense for "UPGRADES" for which NUKO receives no payment. Was the product not up to spec. orignally and the company promised to fix it later? I was told by BK and read in Jay's report that NUKO had a 4 year exclusive with NT. At the shareholders meeting, BK changed his comment to "it's a four year contract with the first 18 months (through May or June '97)only exclusive. What's the real story?

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