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Technology Stocks : RGFX Raster Graphics

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To: Fred Fahmy who wrote (550)	4/5/1998 4:43:00 PM
From: Travis	Read Replies (1) of 593

Okay, I'm going to try to be optimistic. Feel free to flame me. The restatement is bad, yet this move presents a good view of the CFO. It appears to me the books were indeed a mess, and this guy has got the job of cleaning it up. So far, IMHO Remo has done everything correctly. The lay-off is a good way to cut costs quickly. It is my opinion that the quick growth caused the company to gear up hiring and then over-hire. Since the growth has slowed, they are now over-staffed. I can respect that. My prediction: profitable by Q3, expected continued growth and undervalued at $2/ share. travis

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