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Technology Stocks : ADSOD-Adaptive solutions

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To: Xingbo Wang who wrote (93)6/10/1997 9:20:00 AM
From: mark alan rosenberg   of 477
 
to XW:
The way I see it. The new CEO is cautious and conservative, but
he is going to build this company brick by brick. The company is
tenaciously hanging on to around $3 mil in cash. Mitek has made a
committment to buy $1 mil of product, and NG will bring in good clean revenues for the next 15 mos, as NG development work adds to the co.'s
value in doing its own thing with the research and applications, pertinent to NG.
Mitek is no slouch in image processing, although small at this point. ADSO has negotiated itself a good deal with Mitek, and will
be the benefactor of joint development for the transport and parcel
sector of the image processing business. So, ADSO, has atleast
positioned itself for profitability, and has a good partner. A
good NG show, and co. should be able to generate new relationships
with other co.'s.
4th Q should see revenue from new product into transport and parcel
sector.
VComp is still alive.
This is not a "run for the exits" situation. Sorry, MM.
Mark
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