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Technology Stocks : EASYPHOTO. Storm Tech INC. Signed OEM deal with HP

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To: SShuda who wrote (34)10/15/1998 11:24:00 PM
From: judge   of 44
 
EASY definitely needs additional financing to continue operations, which explains the low valuation in the stock price. But a valuation of 1.3 million imho is obsurd. EASY is an excellent take over candidate. A competitor could offer EASY one dollar a share, plus take over EASY short term debt. This acquisition would cost the competitor 28 million.. 13 million in stock and 15 million in debt.
EASY currently has 15 million in short term assets. So for 28 million
a company would get a 3 million customer base, plus 15 milion in short term assets, and in addition 50 million in revenue.. this not a bad deal in my opinion.. j
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