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Technology Stocks : CGRM Centigram

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To: Mr. Sandi Lieu who wrote (143)	6/30/1997 11:34:00 PM
From: David R	of 333

RE: Henceforth CGRM has to pay license fee to LHSPF for its own technology. The truth is, customers that want TTS will pay CGRM which will give LHSPF a cut. Centigram makes money either way. I thought with MSFT, DLGC, NMSS, and others licensing truvoice, that CGRM would make lots of money. Evidently, that is not the case. If all these years of sales only add up to 1-2M of revenues, then maybe it is good news. THe question is, how much impact can a $2M product line have on value of a $100M+ company. As CGRM will continue to offer its customers the best TTS technology, but will be free from the costs of development, I would thinkg investors will not mind. But who knows.

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