Presstek -- Stock of the Decade?? Message Board

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Technology Stocks : Presstek -- Stock of the Decade??

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Sep 29 10:16 AM EDT

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To: SG who wrote (7801)	1/14/1998 1:58:00 PM
From: Pierre Panet-Raymond	Read Replies (2) of 11098

Scott, I have visited a number of printers, talk to a whole bunch on a regular basis, attended Print 97 and Graph Expo 95, talk to partners of PRST, and of course competitors in both hardware and consumeables. To listen to you only the longs are capable of conducting due diligence. I'd be careful about that attitude if I were you, it could get you into a lot of trouble down the road if you persist in thinking shorts in a stock are a bunch of unsophisticated idiots. So how do you come to know what the 3 shorts settled for? That is all confidential. The company only said it was settled in their favour. As I said earlier, that statement would be true even if the amount was only $1. On the other hand we do know the magnitude of the the fine agreed upon with the SEC, $2.7MM, amongst the largest ever levied against an individual according to Jim Surowiecki in his Fool on the Hill piece of a couple of weeks ago. To refresh your memory, Mr. Howard also signed a consent decree a few years back with Howtek.

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