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Technology Stocks : HAUP - Hauppauge Digital
HAUP 0.01220.0%Oct 31 9:30 AM EDT

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To: Zeev Hed who wrote (1134)3/29/2000 9:18:00 PM
From: Louis Riley  Read Replies (2) of 1149
 
This Ain't No MSTR or PDLI


This is SO much worse.

This is not a revenue recognition problem or a denied patent.

This is a matter of NO MARKET FOR THE COMPANY'S PRODUCT.

I mean, who do you know that owns a digital TV? Or that has a digital TV card in their PC?
HAUP makes a product in search of a market: like Sony with BetaMax.

As if that wasn't bad enough, earnings were down year over year and over last quarter. And don't say that is due to seasonality: an emerging growth market should not be seasonal.

The company admitted there will be no improvement for the rest of this fiscal year.

Face reality: that is a very optimistic assessment. This company is likely to face going concern issues before long with only $5MM in cash and no avenues for reasonable financing.

If shareholders are lucky the stock will bottom at about 100X run rate earnings of $.08 at around $8. But that may be optimistic as well.

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