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Technology Stocks : Micrografx(MGXI)

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To: Rene Madsen who wrote (399)	4/10/1997 3:56:00 PM
From: Jacky AY	of 543

I don't get the numbers. They said they sold 1.4 mil copies of CreataCard Plus?! How much money do they get from each copy sold? If they expect the estimated street price is $29.95 (actually MicroWarehouse sells them for $39.95 each), they should get at least $20 per copy sold. Multiply $20 by 1.4 mil, we get $28 mil. If anyone cares, please do go deep into the 10-Q's. They showed that in the Sept 96 qtr, consumer sales totaled 5.267 mil whereas for the Dec 96 qtr, consumer sales totaled 4.825 mil. Let's forget other consumer products they got (such as Crayona) as well as CreataCard Plus was only available at the end of Sept 96 qtr (i.e. Consider ALL consumer sales in the last 2 qtrs as entirely due to CreataCard Plus). The total is only $10.092 mil. Then, where does the remaining $18 mil go? Are we expecting that $18 mil coming in this quarter? If so, we should be seeing a monster quarter!!! Probably with a profit of more than $1 per share... If you are interested in the First Call estimate, check my previous post. (http://www.techstocks.com/~wsapi/investor/s-2577/reply-372)

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