Cornerstone Imaging (CRNR) Message Board

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Technology Stocks : Cornerstone Imaging (CRNR)

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To: yuan Gu who wrote (312)	7/16/1997 11:27:00 PM
From: Mark A. Stang	of 430

Book Value is now $5.16/share I believe I had posted earlier that book value was $5.25/share. I recomputed based on 6/30/97 balance sheet and shares outstanding, and arrived at $5.16/share. The .09 reduction is attributable to: (1) .02 loss this quarter and, possibly, (2) approximately $500,000 reduction in value of 250,000 shares bought back at 8. The bottom line, in some respects CRNR can be viewed as a software start-up company with substantial assets and no debt or cash flow problems for the foreseeable future. I don't expect great things in 1997; would just like to see a solid foundation laid for a spectacular 1998.

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