The sun will come out tomorrow.
INS contract II........The one nobody says anything about....Here is more info on it from 8-29.
VIDEOLABS INC (VLAB) 1 31/32 +17/32. Here's one for the micro-cap speculators out there. Shares of VideoLabs have surged 37% on news the U.S. Immigration and Naturalization Service (INS) will deploy "thousands" of the company's FlexCams. According to VLAB, the FlexCams are part of a fingerprint identification station designed by engineers for Hughes Aircraft's Information Technical Services, under a contract with Electronic Data Systems (EDS). INS agents at field offices can quickly scan fingerprints, says VideoLabs. The fingerprints are converted to MPEG image files, entered into a database, then compared with existing records on the PC's hard disk, a local network, in centralized Washington D.C. databases, or other databases around the world. According to the company, each INS site may have five to 10 fingerprinting stations. With the exception of custom database software created by Hughes engineers, the components are all off the shelf -- a Dell Pentium PC, Matrox video board, Identix fingerprint scanner, and the new 6.0 version of VideoLabs' FlexCam desktop video camera. Today, VLAB has traded 58,000 shares versus yesterday's turnover of only 100 shares and 3-month average daily volume of less than 10,000 shares. For fiscal year 1996, VLAB logged sales of $7.4 million, a 9% year-over-year decline, on flat unit volume. VLAB's Internet address is flexcam.com.
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ps. Run the numbers.......Large sales here. |
