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Non-Tech : SOLOMON-PAGE SYMBOL -SOLP-

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To: FIFO_kid2 who wrote (85)8/7/1997 1:24:00 PM
From: Bill Driscoll   of 295
 
Conference call this moring was, IMO, very upbeat. Managemett addressed the dilution issue explaining that it in reality is a temporary "problem" since there is another FASB policy going into effect in 1998 that will essentially reduce the reported EPS calculation back to the lower number of apporximately 5.5 million shares.

Management was bold enough to publically predict revenues for the current year (ending 9/97) of $28 million, and next year's revenues of $42 million with an after-tax income rate of about 4.8% of sales yielding net income of about $2.0 million or $0.36 to $0.37 per share for next year.

Management also commentd that it is pursuing stepping up IR function and is actively seeking investment community sponsorship.

Looks like a great buy under $3 with a forward P/E of only 8x earnings and a +50% revenue growth rate.
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