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Technology Stocks : Identix (IDNX)

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To: chaz who wrote (5710)	12/11/1997 7:37:00 PM
From: Steve Felix	Read Replies (2) of 26039

chaz, Randy Fowler was very clear on the last conference call that all of the revenue from the 43 machine order was not in there. As for the inventory, this may be what IDX feels is reasonable as FY end 96 figure was 792K. Interest paid was 21K as compared to 96s 67K on borrowings of 2.69M as compared to 96s 3.72M. With debt going down even while opening new international offices this past spring, I see this as a plus. I think the receivables question probably lies at the slow feet of the gov't, but it would be nice to get confirmed. Also I'm sure there is more in inventory than just TP 600s, although they would be the most expensive items. The question of time to build and ship a TP 600, were none in the warehouse, would be of interest. IMHO inventory number is going up right now, and for good reason.

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