Copytele - Another XEROX in future Message Board

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Technology Stocks : Copytele - Another XEROX in future

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To: Eric Klein who wrote (1210)	3/19/1998 1:39:00 PM
From: Gregg Glogowski	of 1320

I found this in the Management Discussion of the 10Q. Does indicate some problem with the bureaucracy? SECC has agreed to assign its 35% interest in SCE to Shanghai Instrumentation and Electronics Holding Group Company ("SIEC") and SIT. After the assignments, SIEC will own 30%, SIT will own 15% and the Company's ownership will remain at 55% of SCE. The assignment has been approved by the Company as well as the board of directors of SCE; however, final approval is pending with the Chinese government. I thought that these issues had been addressed a year ago. Add the innocuous statement that the second JV will be put on hold while they look at the December announcement of talks, and I sense that the whole thing is on hold. Greg

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