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Technology Stocks : Identix (IDNX)

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To: brad greene who wrote (9337)7/16/1998 6:04:00 PM
From: David  Read Replies (2) of 26039
 
Brad, I'm not braced.

We didn't get a warning on earnings, and IDX has seemed busy. We don't hear of any big wins on domestic AFIS business by competitors. They seem sidelined by the TP-600.

We've seen the stock fail to react before. Remember Cook County? What we had today was no volume and minimal movement up. That's a situation where news releases are ignored, rather than bad news being leaked.

AFIS seems to be old news to the market right now, which is focussed on the vaporware bio-ID sector. I'll stick with a guess of four cents in earnings on about $23 million in revenues. But watch out for the 1Q99. I think many of the golden geese start producing for that earnings report.

If we do get bad news, do you think the stock can really go any lower? It is way underpriced right now.

David

PS -- I told J. Saf I'd buy him a beer if his 2.8 cent EPS prediction to me was correct. I see you agree, so I'll use the money to buy you three shares of BANY.
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