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Technology Stocks : Identix (IDNX)

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To: brad greene who wrote (5258)11/20/1997 10:59:00 PM
From: Elvis Jones  Read Replies (1) of 26039
 
Not a pretty picture.

While their sales grew 37% last year, cost of sales rose 67%. This drops the gross margin from 25.8% to 9.4% (ouch)!

Meanwhile they slashed costs in R&D (down 45%) and Sales/Marketing (down 39%).

Looks like a company pulling back while the industry moves forward.

Brad, I like analyzing IDX's positive numbers much better.

Happily Long IDX,
Duke
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