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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail

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To: James W. Bradsh who wrote (876)12/3/1997 12:48:00 PM
From: Matthew Leo  Read Replies (1) of 1800
 
Fellow Cycommians - I recently had an opportunity to speak to Bud and thought I would pass along the highlights of our conversation.

1) On failure to meet 3Q profitability - Tempest was targeted for 12-15 million and came up short - expected orders did not materialize. Gov efforts to solve Y2K problems carried over to hardware. Bud believes that problem is solved + the hiring of Mr. Gangemi should get Tempest back on track. Bud expects next year will meet or exceed the $12M.
PC Mobile sales moving well. Expect major announcements over next 6 months.
Profitabilty expected 1 or 2Q 1998

2) Omnidata - Bud believes in the product and thinks Cycomm reseller agreements with GTE, Matra, Ericcson, etc can improve sales to trucking industry plus Omnidata product - with privacy added -can expand cycomm's own product line.

3) Stock price - efforts underway to present company to Laidlaw,
Furman Selz, Westminster, and others. Going well.

4)Bud believes price is a bargain and is buying more for himself. He is encouraging staff to do the same.

regards, matt

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