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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

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To: John Gault who wrote (177)	3/5/1998 4:51:00 PM
From: David Seltzer	Read Replies (2) of 276

John-I have summarized my conversation with Jorge Torres,Treasurer, below: 1.The acquisition of a $40-60 million company is still alive.This company is a low volume manufacturer with design capability.This topic was mentioned in their 3rd qtr conference call. 2.Capital expenditures for 1998-$9 million for new customers and $4 million for existing customers. 3.A large Mexican customer will come aboard by the end of 1998. Puchase orders are being received. 4.One of 2 Emerson projects is in the final stage of ramping-up.The other should be ramped-up by the end of the 2nd qtr. 5.They project pesos/$ will be at 8.60 by the end of the year. It is currently fluctuating between 8.40 and 8.60. IBES projects $.085 for the 1st qtr.I still believe that the 2nd half of the year will be very good. Carlos Martens,The CFO,called me but I was not in.He said he will call again.I think Raynal and crew are bright and motivated. David

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