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Technology Stocks : Golden Genesis (GGGO), formerly PCOM
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To: Don Van Patten who wrote (68)11/9/1996 12:58:00 AM
From: PuddleGlum   of 145
 
Don- I spoke with Tom LaVoy a couple days ago and he gave me the impression that the issue could well be settled between PCOM, NWP, and ACX without court interference. Didn't get any real details on what the "issue" is, but it's all related to PCOM's adoption of the shareholder rights plan and such. He didn't seem terribly concerned about what the court might decide, either, so maybe the downside is minimal. Other news: The co. has purchased some property to support its expansion. Probably the same property which Gerry P. mentioned awhile back. When I expressed an expectation of 20% revenue growth for the current year Tom indicated that the co. was expecting more like 25-30% growth. He said that big contracts now account for around 15-20% of business, with the remainder being smallish-type business of the so-called 5-and-dime variety. The United Solar deal seems to be a big positive in LaVoy's eyes. PCOM successfully transitioned from heavy dependence upon govt. contracts in FY96, now let's see if there's any teeth in this baby tiger. We hit a new 12-mo low today, so I question whether we can hold above $2 over the next few months. Don't buy this one unless you have a real long time horizon, but I can't quite bring myself to sell at current prices.
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