Teletek (TLTK): Relaxed and Holding Message Board

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Technology Stocks : Teletek (TLTK): Relaxed and Holding

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To: Jim Privat who wrote (2204)	10/2/1996 7:56:00 PM
From: Joe Williamson	of 3645

Spoke to Mills today. 1995 is being restated from the United Pay Phones sale (upward to diminish loss for that year). There will be a loss in the 4th qtr so the 2.1 mil for the year is correct. Higher expenses due to the MCI situation caused the loss which I was not aware of. 1st quarter best ever with normal margins. Didn't ask when it would be reported but would expect later this month rather than mid Novemeber, but just my guess. By the way, a new switch on line does not generate any additional revenues, but does lower their overhead, so don't expect any special revenue jump. Personally still looking for minimum of 25 mil for the qtr.

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