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Technology Stocks : Hi-Shear Technology (HSR)
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To: Lawrence T. Bovat who wrote (17)1/19/1998 5:37:00 PM
From: lml  Read Replies (1) of 37
 
Meeting held Wednesday attended by shareholders, brokers & analysts.
Story is Airbag technology. Company disclosed product is ready, Next few months they are getting the mfg. line ready for production - targeted in early summer. This needs to happen to make September 1999 car assemblies.

Supposedly, HSR expects to get 30% of the market, which according to
the company, the royalty stream would generate $20 to $30 MM in
revenues a year. This is significant, given current revenues are around $35 M. Ramp up would be over next two to three years, so we are talking about a 30 to 50% revenue contribution over the next few years.

Stock not covered well. Float is only about 6MM shares. So significant movement can be expected.
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