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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: E who wrote (7498)12/25/1997 5:31:00 PM
From: Loren  Read Replies (1) of 11098
 
JM -

I believe you are right...

I work for a company that sells cotton/wood pulps to the paper industry. One of our main markets is the filtration paper market, i.e., the people who make the paper that goes into air/oil/fuel filters. Since our pulps show up in about 75% of the world's filters, it should be obvious that we sell to every major filter paper maker in the world.

With just about every one of these customers, we have supply agreements that cover supply volume, pricing, volume discounts, rebate schedules, etc. Guess what? We don't tell anybody about these details, because:

1. The information is part of the contract, and we have all signed CDAs (Confidential Disclosure Agreements) that cover both commercial terms and joint technology transfer.
2. It would lead to a competitive disadvantage (for our customer AND us) if this information was to fall into the wrong hands.

To keep this information under wraps is right to do both from a LEGAL standpoint, as well as an ETHICAL standpoint.

What PRST is doing (or not doing) may be maddening to the shorts (and the longs, too, for that matter), but it's far from surprising to me.

Paul, tell me, does this business tactic of PRST really seem curious to you and your fellow shorts?

Loren
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