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Technology Stocks : Quintek Technologies, QTEK data archival etc..

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To: KZAP who wrote (2)6/9/1999 10:34:00 AM
From: Ribre  Read Replies (1) of 406
 
A research report by Capital Bay Securities (800-440-2929) on QTEK says the company will earn 14 cents per share in 1999, with net income of over $2.1 million. Plus, QTEK's latest press release projects $40 million in revenues over the next five years, just from their Internet archiving business.

The company seems to have an unparalleled technology for digital file conversion, one that saves much of the considerable expense normally associated with storage of engineering documents. I spoke to QTEK's PR representative, Bruce Forer at Eisenberg Communications (212-874-0315),who said he believed the company might soon be announcing additional news, perhaps news concerning the expansion of the Internet archiving service.

Considering the above, the stock seems cheap at current levels.

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