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Biotech / Medical : Medical Technology Systems MSYS

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To: Dave B who wrote (92)	2/14/1998 5:16:00 PM
From: DJ Clancey	Read Replies (1) of 139

Thanks for the posts... at least we have some info to go with. When I talked with the company last year, they really de-emphasized the packaging compared with LifeServ efforts. This report seems focused more on minor gains in packaging. If it wasn't for the tax refund, they would have got smoked. I seems strange that costs are rising as a percent of almost everything unless they are becoming completely mismanaged or they are developing infrastructure for something much larger this year. That could be the big surprise on the next filing. As you noted, the large LifeServ deal wasn't on this. Since they issued a memo on it a while ago, I'm kind of curious when it will become a receivable. Still holding and hoping. I knew it would take a while for them to re-establish themselves and it seems like they are doing that. However, I think this may be a critical quarter for them to establish some significant deals and get the costs back under control. If they can do that, we could finally see our due. DJ

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