Acrodyne (ACRO) is one of two pure plays in the TV Message Board

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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV

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To: Robert Florin who wrote (893)	1/14/1998 9:17:00 PM
From: Karl Drobnic	Read Replies (2) of 1319

We're seeing the negative case right now. The changeover to DTV is 18-24 months behind where ACRO thought it would be. Originally, the cash from the IPO, and then the warrant conversion, was planned as enough to get ACRO into the heart of the hi-power order boom. The delays stretched finances (first the cv. pfd., 2nd- the pvt. placement). Low power sales won't carry the added infrastructure. ACRO showed in 1995 that it can operate at substantial profit margins once it covers expenses, but it doesn't have an alternative source of income to tide it over. As time passes, the competition has more opportunity to improve their technology, or produce a copy-cat product of ACRO's transmitter. The order delay is our biggest enemy.

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