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Technology Stocks : Presstek -- Stock of the Decade??
PRST 0.00010000.0%Sep 29 10:16 AM EST

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To: Thomas J Engelsma who wrote (1378)9/25/1996 2:58:00 PM
From: Pierre Panet-Raymond   of 11098
 
Tom,the basis for your valuation is all wrong. Your table on your web site starts with 226 existing DI's(GTO and QM) and Pearlsetters at the end of Q 1 96. Of these 36 were QM-DI's according to your numbers. You show 0 Qm-DI's installed in Q2 but 69 in Q3. This is impossible. I just spoke with Fred Grotenhuis at Harmony Press in Easton PA who have just started running the 20 press installed in the US. The installation took two weeks. Hence Tom's cummulative installed base is way off and will continue to magnify the errors in his valuation going forward. One bottleneck going forward will be how many installs Heidelberg can handle in any given period.

On the other hand the market doesn't seem to give a damn about the fundamentals of the the company given what the stock has done this afternoon.
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