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Technology Stocks : 7th Level

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To: Eric Hautala who wrote (221)	4/4/1997 3:09:00 PM
From: Dan Ross	of 1019

Here's some info. I found on Bloomberg and the 10-K. I can't find the info. but I'll try to accurately remember what I found 1.) R&D was HUGE last year - 21 million - this should hopefully help in sales next year with more games coming out 2.) Grayson filed on the 31st of March to sell a TON of stock. Something like 193,000 shares - maybe more (like I said, I can't find the info. I remember him selling a lot of shares though. 3.) The company will spend FAR LESS on capital expenditures this year (ie. Networking - from the 10-k) 4.) The company shall sell the headquarters they were going to move into. 5.) My impression, after reading the 10-k, was that sales are booming 94 - 4mil, 95 - 11 mil, 96 - 22 mil. Gross profit was 11 million. However, Grayson spent money like it was going out of style. A new headquarters? WHY? 6.) Shareholders lost close to $24 million in shareholder equity last year. 7.) Who is Todd Porter? He has sold a bunch of shares lately. This was on Bloomberg at school. 8.) I think that if the company aggressively cuts costs, they could possibly make it into the black. However, they shouldn't cut too deep. Dan Ross

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