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Non-Tech : Mackie Designs (MKIE)

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To: B.D. who wrote (30)4/12/1997 6:47:00 PM
From: Stingray   of 61
 
> Cash and short-term equiv's = $14,024,697.00
> Cash per share = $1.09

I thought there were 16 million shares outstanding. Does that mean they bought some back? I'm still holding on to mine but I wish I had an insight into the production problems. It seems pretty strange that all three of their new products are experiencing production problems. The good news is that despite all of this they are still turning a healthy profit and if they can get their act together they could be making a lot more. I'm not an electrical engineer but I would suspect that digital mixers are in many ways easier to manufacture than are analog ones because you don't have to worry about crosstalk between the channel strips once the signal has been digitized.

I'm sure there are more than 80 shareholders, mine are held in my brokerage account so I may not show up as a shareholder.
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