Genicom (GECM) Message Board

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Microcap & Penny Stocks : Genicom (GECM)

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To: mnm who wrote (43)	7/28/1997 9:03:00 PM
From: Brian G. Swift	of 231

The c.c. was very upbeat. I was looking for $.19 per share, they reported $.23. TI printer business was very strong for the qtr. They pointed out that there is some seasonality to the TI business, to expect about a $2 mil dip in Q3 sales sequentially, due to slower European sales in July/Aug. We don't have comparable sales for last year since business was acquired in Q4. Co still losing money in service business, but transition to new depot in Louisville is on target for occupancy in September. The costs are being absorbed as incurred for this transition, and management expects service business to be profitable by year end. I haven't gone over my model with the CFO yet, but would be very surprised if they didn't earn more in the second half than the first.

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