RACE Message Board - Msg: 552583

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Technology Stocks : RACE

RACE 378.13

+0.5%

Dec 26 9:30 AM EST

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To: Carlos Fung who wrote (41)	12/14/1996 7:57:00 PM
From: Gary105	of 130

Thanks Carlos, something is definitely cooking with this company -up on large volume - but it can settle a bit - 2 weeks ago it was 1 1/4, now its 2 5/8. Low of 1 and high of 4.4 for the year. wavesys.com Their core technology involves transaction processing and encryption to facilitate commerce over the internet; recent arrangements with ibm and creaf. Book value of about 0.25 (all quick assets) and burning cash at about 0.15/quarter. No revenues to date - all development and marketing costs. They expect revenues to begin this quarter - they cut it real close but may make it. I am not aware of any analysts covering it. Maybe your friend at Merrill has some projections of revenues and earnings. Gary

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