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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

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To: Ron Bower who wrote (96)	9/27/1997 3:24:00 PM
From: David Seltzer	of 276

Let me start by recapping the highlights of the 7/29/97 conference call: 1.Signed 3 new customers for the 3rd qtr,6-7 new customers by the end of the 4th qtr. 2.Short term pressure on sales growth,some sequential growth in 3rd qtr. 3.Eurotec sub(plastic molding and stamping) is at 35% capacity .Eurotec seeking ISO certification asap .should be at full capacity by end of 1998 or 1999 .very little capital required to get to 100% capacity .currently 8 customers and annual revenues about $8 million My views 1.A devaluation of the peso will help exports from Mexico,a reasonable bet 2.3rd qtr eps of $.24-.29 3.My target price range is $14-18 over the next 12 months, provided the market holds up Alex Brown has a target of $14 over the next 7 months(research report dated 5/1/97). OFF TOPIC-I would suggest reading NTAIF's rights offering(via Edgar). I found a number of facts surprising. David

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