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Technology Stocks : Zapata (ZAP)

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To: MARIO PASQUA who wrote (510)	7/25/1998 10:50:00 AM
From: D & G	Read Replies (1) of 1206

OT, anyone ever hear of Arel Communications & Software (ARLCF) ??? They design, develop, market, produce, integrate and support, on a global basis, software for two families of message-switching wide area network systems called ARCOM and i-FAX, as well as software for a family of products call IDEAL which is used for distance learning. They only have 5M shares outstanding and trade at a P/S of 5.33 and a P/B of 2.15. They have no debt and about 2M in cash. They have NO institutional following. I bought them at 2 9/16 a couple months ago and they are presently trading at 3 3/4. If ANYONE has any info please let me know. Send private message as to not clutter this board. Sorry for the long off topic. DJF

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