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Gold/Mining/Energy : MYT - Mytec Technologies

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To: antonio doria who wrote (1075)	7/25/1998 12:39:00 PM
From: Daniel W. Grant	Read Replies (1) of 1535

G'Day all Mytec investors. I have been following this thread for a while now, and have realized lately there is a missing "spark" that used to be a great motivator for all of us investors. ... to get that momentum flowing again... here is the latest.... Wednesday 22 July 1998 Buy computer stocks at 'sweet spot' of product cycle Larry MacDonald The Ottawa Citizen When computer hardware or software companies announce a new product line, their share prices often experience dramatic increases. The momentum is frequently fuelled by research reports describing huge markets waiting to be tapped. However, production glitches may subsequently delay shipments past vital deadlines. Or problems with marketing and distribution may crop up. Or consumers may even decide they do not like, want or need the new product. Developments like these can send share prices tumbling again. ......... ........ A second strategy for selecting computer stocks involves prospecting among the fallen and neglected. Sometimes the initial burst of enthusiasm for a computer stock is followed by a lengthy period of decline. However, if this downtrend is broken by new-found strength in share prices and trading volume, it could be a signal that the company is getting its act together and a once promising new product is finally winning market acceptance. A computer hardware company currently pulling out of a long price decline is Mytec Technologies Inc. Heavy trading volume has confirmed the breakout, which came in the spring of 1998. Mytec shares had previously shot up from $1 to $10 over the second half of 1995 and most of 1996, but then drifted down through 1997 to $1.25. Mytec makes an optical computer that identifies persons through their fingerprints. Its computer is said to be faster and more accurate than existing digital methods of fingerprint recognition technology. Application potential appears to be immense. Mytec's system can be used to control access to physical locations and computer systems. Entry is gained by placing one's fingertips on a glass scanner; a computer then reads the fingerprints and matches them to a fingerprint stored in electronic format. Another application is credit cards and social security cards. Here, a fingerprint encrypted on the card is compared to a fingerprint on the glass scanner. The market potential in credit cards alone is immense: fraud and abuse is estimated at $1 billion a year in North America Mytec has a solid base. Its top three executives were formerly senior executives at Chubb Security Systems. The president has a doctorate in neurophysiology and a master degree in electrical engineering. The company also has a regular source of cash flow from its other business line -- traditional security services such as a 24-hour alarm monitoring service.................... So there you have it.... people are talking....(again) :-) Dan-Man

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