THE NAPEAGUE LETTER
July 20, 1997 - Bi-Weekly Update
For a Complete Copy - napeague.com
TRANSNET CORPORATION - TRNT:
Although I have not had an opportunity to meet with TRNT's management
again, I did get a voicemail message from Steve Wilk, its President, in
which he indicated that they are well into the "education season" - the
summer during which educational institutions add equipment, install new
networks, etc. He indicated that they are still feeling some stress from the
rising cost of technical salaries, but still feel that they are maintaining their
previous growth trends.
Although I have not confirmed this with the Company, I do not expect to
see year-end results until late summer at best, with the 10-K unlikely to be
available until the end of September. Technical indicators as of last
Friday, July 18th, seem to be very inconclusive.
NOTICE:
This analysis is based on publicly-available information and discussions
with the various Company's managements, and is in no way warranted by
me as to accuracy or completeness. I do not guarantee to advise you as
to any change in this information. I currently am a stockholder in
certain of these Companies and may from time to time purchase or sell
these Company's securities. I otherwise have no affiliation with these
Companies and am not compensated by them in any way. If you have any
questions or constructive comments, please E-mail me at
rmdavis1@ix.netcom.com. |
