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Technology Stocks : Identix (IDNX)

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To: brad greene who wrote (4616)	10/29/1997 8:08:00 PM
From: steve	Read Replies (3) of 26039

From AOL re:Value line; ubject: Re: Value Line Date: Wed, Oct 29, 1997 19:23 EST From: AAnasta902 Message-id: <19971030002300.TAA01965@ladder01.news.aol.com> We Really hit the BIG TIME!!!!!!!!!!!!! the following is are excerpts Value Line 1097-------IDENTIX INC. Recent price 11---PE 78.6 Rel Pe 4.27 div nil TIMELINESS-------------------2-----above average SAFETY-------------------------5-----Lowest BETA 1.15 (1.00= market) 2000-02 projections High 20 Low 10 institutional decisions 4q96 1q97 2q97 BUY 13 13 8 SELL 11 15 12 holdings 2321 2580 2017 Capital Structure ---- total as of 6/30/97 total debt 1.9 million due in 5 years 1.9 million LT debt nil Identix has entered the Value Line investment survey fold just when volume appears to be building up enough for the company to make decent money. Incorporated in 1985 the compan went through ten loss years before annual revenues pass the 30 million mark. Now identix appears poised for fiscal 1998 sales that exceed last years 52.3 million althought its record of profitability is too short to form a reliable pattern, we're speculating that earnings can reach .20 a share this year. A big job has begun. The INS has ordered 43 tp 600 live scan systems worth 2.5 mill. Forty will be deployed nationwide to screen foreign nationals applying for entitlements ranging from work cards to citizenship. Three will be used by the enforcement arm to augment existing tp600's already at deportation centers. Addutuibak irders may be recieved over the next few months as the agency expands both its benefits verification and enforcement networks. Revenues from all this INS work could amount to as much as half of IDX's fiscal 1997 total. Two important awards in the september period deserve special mention. A Colombian bank ordered 100 fingerprint identification units to identify passbook account customers at its branches. In another operation, Identix won a contract to manage renovations, alterations, and other improvements on government buildings in the District of Coumbia. This program has an indefinite quantity ceiling of 2 million for the first 12 months of work with four succeeding option years each having a 2 million dollar ceiling. This stock's impressive potential notwithstanding, the risks associated with it are considerable. Although finanes may be adequate for the company's needs its small size makes it vulnerable to unforseen events. This combined with low price stablity, leads to a Safety rank of the lowest. the shares are unsuitable for most accounts. Lucien Virgil-----10-24-97 I suggest you look for yourself ---- revenues per share1985-.05 1987--.24 1988--.12 1989---.20 1990---.12 1991--.16 1992--.30 1993---.74 1994---1.07 1995---1.26 1996----1.58 1997---2.14 1998---2.70 2000-02---3.65-- art

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