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Technology Stocks : Identix (IDNX)
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To: steve who wrote (10956)10/23/1998 8:22:00 AM
From: brad greene  Read Replies (1) of 26039
 
steve,

Today may be profit taking day.......but it may not.

Please keep in mind that I express my own thoughts........that have come over YEARS of following this company.

Anyhow........Let's take a look in the Commission pantry........

We have known for a long time that IDX live scan has been cooking in the Midwest....Wisconsin, Detroit, Ohio being confirmation.....And the stuff NEC has been doing on the West coast over the last few months has been inspiring. Morpho pops up again last quarter on the East coast......and the IDX technology wins the state of Georgia.....a very strong foothold in the South. I love Atlanta.

85% market share.

Anadac lands a $50,000,000 contract.......and is also selling IDX machines to the government under the GSA schedule. Anadac is a growing little division.

The Sylvan Joint Venture is now going to screen United Airlines employees......Way cool!....Who is going to screen TWA employees?

Identix has two new products......the F3 and the TP 600 card reader.

Ok...Ok.....so what?....So IDX has many more things going for it now.....then when it was firmly above $10.00......before the vicious small cap stock sell-off and market panic. The story has not changed. In fact the story has gotten much more interesting.

What's in the pantry?

1. IDX will beat earnings on Tuesday by at least 50%....perhaps more.

2. The conference call will go very well. Sylvan will show a profit for the first time.

3. It will become clear that the INS will need a large number of IDX machines over the next 12 months.

4. The O'hare airport pilot program will become a very large IDX project.......a monster, in fact.....from a sales and exposure standpoint.

5. The IDX Sylvan joint venture will begin to announce a series of blanket contracts for fingerprinting various groups and organizations.

6. Another very large and important win coming from one of the pilots IDX and Oracle have been doing for some very large corporations who clearly have information security concerns.

7. Some or all of the 5 million Ascom shares will change hands at a price that is considerably higher than today's price. It will be friendly.

8. Kessler and Usem both upgrade IDX and revise earnings estimates sharply higher......and stress to their clients the "unique position in the market" that IDX holds.

9. The "nosebleed" PE number that is so misleading....will be cut in half each of the next 3 quarters........and will settle in at about 60.

So I don't know, steve.......I think $ 7.00 is a deal for this stock.....Heck, I think $ 14.00 is going to be a deal for this stock in a few weeks. IDX was at $11.00 a year ago.....when none of this stuff was happening.

bg
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