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Technology Stocks : EASYPHOTO. Storm Tech INC. Signed OEM deal with HP
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To: judge who wrote (33)10/15/1998 9:41:00 PM
From: SShuda  Read Replies (1) of 44
 
I'd like to agree with you -- how can a company with $50 million in sales have a market cap of $1.3 million? Impending bankruptcy is the only answer. Storm has never come close to making a profit. Their niche photo scanning strategy never caught on and they are overmatched in the sheetfed and flatbed markets. With so many competitors willing to break even or suffer losses for marketshare, Storm cannot recover. All I can imagine is that they are foregoing a bankruptcy filing while trying to negotiate a liquidation sale or buyout. I am invested and expect a total write-off. IMHO, this would be one of the worst investments you could possibly make right now.
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