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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

0.0%

Mar 7 3:00 PM EST

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To: Ron Bower who wrote (134)	10/29/1997 12:44:00 AM
From: kolo55	Read Replies (1) of 276

Report packed with surprisingly bad news. Lost one of their biggest customers who is moving their business to Asia. I'm checking my files, but I can't say for sure which one it was. New customer projects scheduled to start in the 3rd Q delayed to first quarter next year. Based on this info, looks like the 4th Q will see a significant drop in revenues, although profits may hold up a bit better due to the weak peso. This report caught me off-guard. I don't think the market will like the report. Paul

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