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Technology Stocks : 7th Level

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To: steve walsh who wrote (240)	4/24/1997 1:24:00 PM
From: Eric Freeman	of 1019

Steve: burn - 7m. per quarter Cash end of Dec. 15m Investor relations -talked to yesterday said "not going bankrupt" Expect to increase cash flow now going through year end, and reduce overhead. Need this time to fully evaluate company since changes. Time will tell? - Grayson has been selling a large number of shares. Investor relations said other insiders have not been sellers. We are in the critical period now. Microsoft is projecting that the new system will sell an initial 500,000 units. - Got this from investor relations. They will spend(MSFT) 14 m. on marketing this product. SEVL get a royalty. He did not have exact figures. I did ask why not? No real answer. I expect continuing pressure on stock until they show that the new plan is going to work, and or net cash flow is improving. I am sticking with my turnaround in late May or June, if things start to fall in place. Good luck Eric

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