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Gold/Mining/Energy : TECSYN (Toronto-TSN)

TSN 58.61

-1.0%

Dec 31 3:59 PM EST

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To: M. Merriam who wrote (25)	10/22/1997 8:03:00 PM
From: Andre Koluksuz	Read Replies (1) of 78

The staff at Orillia plant were being laid of gradually over a long period of time, and that should have already been reflected in their previous quarters. Secondly thay shipped all the equipment to Mexico, no write-off there. If there is any other small loss associated with the real estate etc., this will be easily compansated by the reduced production cost in Mexico. I believe and heard from another investor who talked to an officer of TSN recently, there will not be any negative impact from closing down Orillia. I wouldn't be surprised if they come with a positive surprise in the earnings i.e. more than 7 cents/share for the last quarter.

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