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Technology Stocks : Identix (IDNX)

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To: Richard Newton who wrote (4058)10/14/1997 1:24:00 PM
From: David   of 26039
 
Kessler clearly underestimated imaging revenues . . . .

By using a $26 million figure for the "imaging" category, in which he includes "law enforcement, welfare, immigration, automobile agencies via LiveScan, Touchview, and the Sylvan joint venture." The INS TP-600 contract alone, which is as close to a lock as anything on this earth, is set for over $20 million. It will be spent this year. It will not carry over. The legislative history, and the political pressures operating on the INS, could not be any clearer. Is Kessler (a) intentionally lowballing the estimate,(b) does he just not understand the federal budget process and the politics involved, or (c) both? It's gotta be (b) or (c).
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