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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

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To: j rector who wrote (54)	8/19/1997 1:02:00 AM
From: Paul Senior	of 276

j rector: For your information, and for what it's worth -and I agree with Valuespec- mighty little -an irrelevancy in analyzing this company - "Commencing in 1995, the Company also adopted a policy of not engaging in futures contracts with the purpose of hedging U.S dollar/New Peso revenues or costs, with the exception of regular treasury operations to cover operating requirements for up to 30 days." I am surprised someone would want an answer to such a technical/sophisticated question, and yet apparently, not seek to review the basic information such as contained in the annual report.

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