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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: NEIL MACK who wrote (680)7/9/1996 2:32:00 AM
From: Thomas J Engelsma   of 11098
 
Neil,

Just finished looking at the trading range, think there's 3-4 more
days in this range? (hopefully more, but doughtful with press
and earning reports forthcoming) By the way, has anyone noticed
that Zacks removed the .10 estimate from the APL WWW link yesterday,
the listing is now empty.

Have been researching both platesetters and press makers, from the
research there is a lot more to be said about a 'good' press. As
for me, I am going to shift gears a little and focus on the press
market, since Presstek is a 'daughter' company (cannot exist without
sales of someone elses product).

Been doing a good amount of reading on :

Scitex Spontane -- 2400 per hour (50 minutes for 2000sh)
Xeikon DCP-1 -- 2100 per hour (57 minutes for 2000sh)
Agfa Chromapress -- 2100 per hour (57 minutes for 2000sh)
Indigo E-Print -- 2000 per hour (60 minutes for 2000sh)
for comparison
Heidelberg QM-DI -- 10,000 per hour (12 minutes for 2000sh)

(this is printing time only, does not include setup and first
sheet times - still looking for those on the competition presses)
Even if the other presses had 0 setup time, and the projected setup
time of 28 minutes was used for the QM-DI, thats a total of 40
minutes, still beating the above presses by 10-20 minutes per job).

Presstek technology aside, believe Heidelberg has done their
homework, and has a true targeted market.

----------
Neil, passed thru Detroit the other day, got to stop and
inhale a good breath of fresh concrete (miss that living out
here in the corn fields), had a chance to stop at 'Fishbones' a
cajun restaurant, highly recommended, as I'm still on fire.
----------

Later, TOM
(postings will be thin remainder of week,
have a tight schedule to keep right now)
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