Presstek -- Stock of the Decade?? Message Board

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Technology Stocks : Presstek -- Stock of the Decade??

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Sep 29 10:16 AM EST

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To: SG who wrote (9926)	9/4/1998 11:44:00 AM
From: Brent	Read Replies (2) of 11098

Does anyone know if Presstek continues to expect only $29 million in revenue from H'berg? If that is the case, this Q could be real ugly. I was looking at the financials again this morning and did a quick calculation. H'berg has been 57% of the $47 million in revenue this year or $26.79 million. I would think that Presstek now expects more than $29 million from H'berg, but does anyone know for sure. Brent PS Scott, I know the cash issue is dead, but I found this in the 10Q that helps to explain where some of the cash came from. "Cash flows from operations were significantly affected by the increase in billing in excess of costs and estimated earnings on uncompleted contracts of $7,595,000, primarily as a result of advance payments on the vacuum deposition coating equipment under construction at the Company's Delta V subsidiary, and the Company's development program with Fuji Photo Film Co., Ltd. The Company expects to expend this cash over the next six months as it completes its obligations under the related contracts."

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