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Technology Stocks : RGFX Raster Graphics

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To: darren_ who wrote (47)7/16/1997 10:46:00 PM
From: Jeff Lawlor   of 593
 
I was buying right around that time also. Seeing the stock go from 7 to 8 in a quick period of time and then fall back in an equally quick time frame made me suspicious (especially with no news). With institutional ownership in the 30% range (from WSRN) and with float of approx. 3-4MM, I wouldn't be surprised if this one was being manipulated to some degree. It seems like someone wanted to keep this one down. By the way, P5000 was scheduled to begin shipping in mid-May. Does anyone know if that actually took place?

One thing to consider is the likelihood of higher manufacturing costs this quarter due to ramp-up for P5000. Additionally, we may see higher selling and marketing expenses associated with launch of P5000. These 2 things are my biggest concern for this quarter. If revenues continue to sequentially grow as in the past, RGFX could exceed current expectations of 0.10.

Regards,
Jeff
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