10Q is out.
It actually has some positive info. This might be enough to finally tun the stock.
A coupla quotes lifted here: (please read the entire 10Q for disclaimers)
"The Company has recently made material sales of DST mass data storage
products to the broadcast and cable markets and has issued proposals to several
additional customers. In addition to its direct sales programs, the Company is
discussing strategic marketing relationships with certain manufacturers of
broadcast servers. Management believes its DST mass data storage products will
in future periods comprise the majority of its sales in the broadcast and cable
markets."
"In October 1998, the Company received a memorandum of understanding for the
purchase, subject to the exercise of certain customer options, of up to an
estimated $18.4 million of DST double density and quadruple density storage
systems for a government program on which the Company had previously submitted
proposals. Separately, also in October 1998, the Company received a letter of
intent relating primarily to the purchase of several of the Companys recently
introduced DST 712 automated tape libraries for approximately $7.2 million for
another government program. In both cases, deliveries would occur during the
period 1999-2001. Sales of the above products are subject to the negotiation of
definitive agreements and terms and conditions with the respective customers,
and there can be no assurance that satisfactory contracts will be completed or
that any firm orders will result."
".
The Company continues to propose on additional domestic and foreign
government programs. Additionally, the Company is experiencing an increase in
proposal activity to customers in the broadcast and cable markets. Typically
such proposals are part of larger capital projects, which involve risks or
delays beyond the Companys control. Since such orders often are relatively
large, the receipt or loss of a significant order can materially affect
quarterly sales and results of operations. Additionally, larger
13777938.1
programs frequently schedule deliveries of the Companys products over an
extended period. The Company does not currently anticipate that such new large
programs will generate material revenue in the fourth quarter of 1998." |
