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Strategies & Market Trends : YEEHAW CANDIDATES

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To: JoeinIowa who wrote (2638)	7/20/2003 11:59:06 AM
From: Ken W	Read Replies (2) of 23958

Joe, Sergio and gang A few highlights for the CDIC long term holders. New analyst coverage on the 17th (I'm so special IR gave me the report before the CFO) LOL Craig Hallum initiated coverage with a 12 month target of 5.50 based on valuation of 6.5 x 04 revenue forecasts of 40 million. Presently CDIC is trading at about 3.8 times those forecasts. Roth Capital maintains a buy with target of 6.00 while Harris Nesbitt Gerard (used to be Gerard Klauer) maintains neutral with no price target estimate for the 12 month period. Mr. Perry said that the company is on track (revenue wise) to meet their projections of 31MM for the year end.(3rd and 4th Q are the strongest) Also, they are on target with the product in colaberation with Phillips. We personally spoke with the head engineer of that project and was interuppted twice with phone calls from the Phillips team. R and D expense was up last Q. as the inhouse engineers are working on miniturizing the mother board to the unit for intergration into other monitoring devices such as the Vaso machine, Pacemaker adjustment devices and dyolsis equipment. They plan on teaming with at least 80 different companies to increase sales of these smaller units at a cost less than the present 38k but with a build cost far far lower than the present (gross profit on the smaller unit was said to be in the 75 to 85% range). I saw some units being "burned in" along with 40 or so already in the box on the shipping side of the building. They are pretty cramped and are waiting for the final blow to Peregrene Systems next door so that they can take over their space at little or no moving costs. There's more, but I'll have to dig into my notes. All and all we had a nice trip, was very impressed with the company and continue to see it as a huge op. in the long run. (2 to 3 years). In the mean time it is not a bad little trader either. LOL The present 3.30 represents support from the old resistance, has been tested before and held. I did buy more as trading shares on Fri.

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