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Technology Stocks : Copytele - Another XEROX in future
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To: Phil Forbes who wrote (1133)12/6/1997 9:51:00 PM
From: larry oertel  Read Replies (1) of 1320
 
Krusos was asked how many Magicoms CopyTele hopes to produce. He said that
if CopyTele keeps its small plant going in Shanghai (he didn't promise
this) and COPY also completes its larger Chinese plant early next year,
CopyTele could produce 1 million Magicoms in 1997. At $1,000 a pop
wholesale, this would hurdle the much-derided, heavily shorted company with
no-sales to date into the billion dollar arena. The retail price would be
"well less than $2,500." You could figure, say, $1,500. When Krusos was
asked if sales next year could be as little as a few million dollars, he
said cryptically, "We'd be surprised if it were this low."

Well Mr. Krusos, are you surprised?
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