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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: Nanny who wrote (7889)1/21/1998 10:14:00 AM
From: JFD  Read Replies (2) of 11098
 
Out of this whole release I find it incredible that Dow Jones (owner of Barrons) uses a headline concerning fluctuating revenue from heidelberg. Why wasn't the headline " Heidelberg relationship intact working on new projects together." Is this not biased editing on their part?

Pierre, look at the paragraph concerning the Fuji relationship. "Consumable Applications" The only thing I know of that is consumable is plates. Wow! Will prst be private labeling for fuji? What does this mean? I am not sure exactly what it means but it is not bad news.

There may very well be a transition period where prst sees slower eps growth for a few quarters but with the relationships listed in this letter I think it will be well worth the wait. This stock is already down fifty percent from its high. At least with your puts your downside is limited. I would not want to hang short too long with all the projects this company is working on.

You are right when you say awards and relationships do not garuntee revs and eps. But this sure is a long list of potential and even a blind squirl sometimes finds a nut. If there is an earning lull for a couple of quarters it will be interesting to see just how long term and loyal the longs are and just how quick ly the shorts choose to cover.

Good Luck

Joe
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