Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Steve Felix who wrote (14125)	7/1/1999 9:07:00 PM
From: David	Read Replies (1) of 26039

Re: Financing We can look on the financing and issuance of more stock as an extension of the Identicator merger, since the lion's share of the new cash is clearly going to be spent on behalf of the bio-ID, Identicator side of the business. A few of the $15 million can probably be attributed to collateral merger costs, such as an F3 inventory writedown (no more than $1 million, I'd think) and some -- hopefully temporary -- slowdown in tenprinter business revenues while other, more important work was being done by management. IDX should have over $10 million cash right now, and I am sure that the amount of free cash has been calibrated carefully to meet immediate needs of the commercial bio-ID alliances and product development. You can bet this money has already been earmarked and will be put to good use. Talk about a badly timed short in a fundamentally good company!

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