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Technology Stocks : Presstek -- Stock of the Decade??
PRST 0.00010000.0%Sep 29 10:16 AM EST

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To: James C. Shircliff who wrote (2806)5/15/1997 11:03:00 AM
From: NEIL MACK   of 11098
 
Jim, Why do you assume a former director of Sales and Marketing quit? From what I can learn, this is a new position. Efrem Lieber did not replace anyone. He is a new addition.

I expect competition. It is there now. However, No company will be able to actually compete with Presstek's plate for short-run.....which is the largest block of business for printers. Presstek stock will value at multiples of it's current pricing with just 10% of the market imaging their plates.

Presstek, as a company, is actually still in it's infancy. The percentage multiples you use are not at all relevant to Presstek future growth. The PEARLgold plate alone has the potential to provide a contribution that will exceed any of the most optimistic expectations realized from the Heidelberg agreement.

Due to the above, as of this morning, I presently own just one stock.

I would never turn down a good cigar!

Neil

PS Would NOT suggest you mortgage your folks home to go long, BIG money does strange things to people. (Strokes, heart attacks, fainting etc.)

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