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Technology Stocks : SI Diamond Technology (SIDT)

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To: Lou Esposito who wrote (47)5/28/1997 10:13:00 PM
From: John Q Binford   of 623
 
SIDT in five trading days has gone from l/2 to l, or a 100% gain. Is this because some people knew in advance about the order that was announced today, or was it because of the fact that it had dropped so drastically in the previous weeks? The 10Q stated that they expected no sales from the Electronic Billboard unit in 1997. This is unexpected good news. They will still need additional cash. However, with firm orders it may be easier to temporarily borrow. I have quite a few shares in SIDT, which have an average cost of approximately l-1/4. I was begining to worry that they would not be able to survive when it dropped to under l/2. I had heard rumors about two months ago that there would be some good news coming out. I don't know if this press release today is that news or if something else is pending.
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