Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! Message Board

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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!

RACE 333.17

-1.6%

Jan 30 9:30 AM EST

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To: WHL who wrote (23000)	8/15/1997 12:19:00 PM
From: WHL	of 33268

Earnings. Everyone wants worst case scenario it seems. Here it is. From the conference call- seems computations pretty accurate. Now let's assume worst case- l.) $1,000,000 sales * .30 - the historical gross margin (before SG & A) $100,000 sales * .50 - the Be There! estimated gross margin (1st Q $1,100,000 sales...gross margin $350,000.) 2.) Subtract SG & A ($3M) Estimated loss = $2.65M 3.)Tax rate 0%- see 10K for year ending June 30, 1996. 4.) Divide by 5.0M shares. 1st Q 1998 loss then can be estimated to be $.53 per share. This is worst case and not much more than expected for the last Q. Cash on hand of $4.5M now would cover this- with approx $1.85M left over- without new infusion of capital. Also, have probable $2.5M in new investment that can be worked out upon some reasonable terms. Also, have probable $1.5M line of credit. Also approx $1.8M in accounts receivable and $1M in inventory.

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