Presstek -- Stock of the Decade?? Message Board

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Technology Stocks : Presstek -- Stock of the Decade??

PRST 0.0001000

0.0%

Jan 8 9:30 AM EST

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To: Thomas J Engelsma who wrote (2862)	5/18/1997 3:52:00 PM
From: Charles Robinson	of 11098

Tom: Would like your thoughts on the note in 1Q97 10-Q, pg. 13, under "Other Income and Expense." Increase of $430,000 in this number "related primarily to the foreign exchange losses incurred on certain receivables from Heidelberg." That is almost two cents after tax that was taken out of last Q's operating earnings & probably will not be repeated in the long run. In fact the opposite appears to be occuring in the exchange rates this quarter. ie. PRST earned closer to $.20 in the first quarter of '97 if you take out the exchange rate effect. Getting to $.22 in 2Q97 will be too easy. Will you increase your estimates a little?

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