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Non-Tech : Multimedia Games Inc. (MGAM)
MGAM 0.122-0.8%11:48 AM EST

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To: Bradley W. Price who wrote (135)5/7/1997 2:55:00 PM
From: Craig Stevenson   of 197
 
Brad,

I guess the story is pretty much the same. It looks like MGAM should easily be a 35-40 Million dollar company, with earnings ramping up accordingly. I was a little disappointed that the earnings weren't higher, but the revenue number sure looked good. I've been selling off some of my MGAM holdings, because I wanted to lock in some profits, but I've still got a pretty good sized base position.

As far as valuation, I still look for them to trade above $12.00 for 20 consecutive trading days at some point so the warrants can be exercised.

Craig
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