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Technology Stocks : Whats with Proxima ?
PRXM 0.010000.0%Jan 16 9:30 AM EST

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To: Lisa Walker who wrote (54)8/17/1996 12:56:00 AM
From: Donald B. Fuller   of 72
 
Lisa,

Technically, yes I made the PRXM shareholders meeting. Unfortunately, I only made the last 15 minutes of the q&a session & missed the whole presentation before that, so didn't learn as much as I should have. I did learn though, that the new products were 9% of sales last quarter, 75% of sales this quarter and >90% of sales next quarter. I also learned that the Japanese threat may be a bit overblown due to their relatively high production cost and poor distribution network. I also got to see their new products and was impressed with them. They have a portable 11 lb projector, a DLP projector and an incredibly bright polysilicon projector. The products are greatly improved c/w last years's stuff. The part I sadly missed was their whole corporate strategy for the upcoming year or so. I did catch enough to form an opinion that these guys may be in the Wall Street dog house but definitely not out.

Don
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