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Technology Stocks : edusoft (EDUSF)

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To: Arik T.G. who wrote (39)	8/5/1997 9:49:00 PM
From: Frank Gasker	of 272

significant release today reguarding EDUSF Degem to sell portion of 66% interest in EDUSF to as yet an unknown partner. info I recieved confirms aug 12 earnings release Degem is in negociations with several large capitalized companies about the sale. there are several offers on the table. looks as though Degem will settle on one. See this as an extreme positive both long and short term. Being linked with a large company will open additional markets and distribution channels and increase access to technology Will probably include Board membership which will add insight and expertice at management level. Presume investment bank is doing Due Diligence for the deal. don't know how much will be revealed but things are likely to get interesting. Quite certain that earnings will be positive. don't really have an estimate that wouldn't be just a guess. Historically Q2 has not been a bad one for Edusf except for 96. glad Edusf hasn't needed hype to improve. With such a small company, it's tough to input without being continually redundant. These events may spur interest Agree looks like resistance at high sixes. gfrank

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