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Technology Stocks : SatCon Technology (SATC)

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To: Jim Oravetz who wrote (307)	8/19/1999 12:56:00 PM
From: Jim Oravetz	Read Replies (1) of 440

SatCon Technology Film Microelectronics Inc. Corp. (SATC) unit received a $600,000 order for linear amplifiers and voltage regulators. Most of the order is to fulfill an annual service agreement with Lockheed Martin (LMT). Quite the stinker of a Q report. Not sure how one could "misstate" over $2M in Accnt/Rcv. Seems like some creative accounting had been done previously. Also noted that over $2M was specified for consultants options. This seems rather large to me, for such a small cap company. Hopefully, with the A/R glitch looming, mngmt decided to throw in the options bad news as well so as not to postpone shareholder agony. Patience is virtue. Jim

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