Vitech America tackles Brazil Message Board

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Technology Stocks : Vitech America tackles Brazil

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To: Tom Dooley who wrote (38)	6/16/1997 1:49:00 PM
From: Michael Burry	of 153

Everyone probably already knows that Vitech has established a relationship with Intel -- both for the use of the Intel Inside trademark and the $3 million credit facility. But what really gets me excited is the following statement by Intel's representative: ``We are very happy with this new relationship,'' explained Osnir Gracia, Intel's OEM sales manager in Brazil. ``We believe that Bahiatech has excellent potential to meet the increasing Brazilian PC market requirements.'' Intel's representatives have visited Vitech's manufacturing facility located in the rural area of Ilheus, Bahia, Brazil. ``Located in Ilheus, the company will undoubtedly contribute to the growth of this region's market segment,'' Gracia concluded. This is a vote of confidence in the quality of both Vitech's products and its management. Great news indeed! Vitech's biggest problems stock-wise have been obscurity and a lack of understanding on Wall Street. With this company's low multiple, there is room for some great expansion above. Today represents a breakout from a cup/handle formation. Good Investing! Mike

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