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Technology Stocks : APACHE Medical Systems, Inc.

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To: Scott Armstrong who wrote (2)11/16/1996 5:00:00 PM
From: Ron Kory   of 26
 
Scott: Your company seems to be suffering with the meltdown that is
being felt by all the companies in health care information services.
Everyone is a little different but so many companies have had blow-up
quarters--for example, HMSY, HCIA, TSIX, SMED, and MEDA--that the
baby is being thrown out with the bath water. Tax selling is exacerbating the selling. Analysts seem to love the group but their
estimates seem to be way too generous and dissappointments are occuring everywhere. I am a Cowen client and they love your stock
but they loved HMSY and that was down 33% yesterday! I bought
Apache at 9 1/2 and again at 8 3/8. Your comments......?
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