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Non-Tech : BYDS

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To: Michael Davis who wrote (88)9/26/1997 12:48:00 PM
From: James Hutton   of 152
 
I've been in this stock for awhile, and man does it hurt. Anyhow, I'm stuck with a big paper loss right now so I'm holding on. I spoke with Rex Ours (CFO) a month or so ago and the message I got (this is all paraphrasing and my spin, not a direct quote) is that the Company made serious mistakes last fall in booking orders for the following year. Moreover, they didn't get some repeat orders because of poor service from company reps. Since most orders are booked in the fall (a key trade show apparently happens in November), the company is stuck with a dismal year. I therefore wouldn't expect any profit for Q3; i.e., more of the same. I WOULD hope that the company is smarter and now better managed and at the time they issue lousy Q3 can say something positive about next year, including new sales. I'm just hoping the money holds out until then.

Jon
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