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Technology Stocks : Irvine Sensors

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To: Ed McGrane who wrote (361)	12/11/1997 1:28:00 PM
From: KEVIN BERGER	Read Replies (1) of 1673

Hi all...I think 1998 will be a turning point for IRSN...I have watched for years as their revenues have slowly climbed, but the losses have sky-rocket along with them..Their losses will be pretty monsterous for 1997, but I realllly feel the worst is over...The transition from R&D to a commercial company isn't going to be over night...I agree with you about Jim Evert.. He has done everything he said he would, so there is no reason to doubt that he won't continue in his plans... One thing that I am pleased with is that in the last two quarters they have cut operating losses...Although they will have a huge one time right off in Q4 for the closing of VT, I think the important news will really come in Q1 and Q2..If they can break even or even turn a $1 profit, I think that IRSN will start to build up a head of steam...I'm not talking about being a $10 stock again in the near future, but I think $3 is very doable..Tripling my money would makle me a happy camper, as I think it would for most investors.... Well, thats my $.02 Happy holidays God bless kb

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