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Technology Stocks : TRANSNET TRNT
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To: Bob Davis who wrote (204)12/20/1998 12:59:00 PM
From: zonkie  Read Replies (1) of 225
 
Bob, do you still own TRNT? If you have kept up with it could you tell me if they have been able to replace the sales that they would lose by Merck going to another vendor? Can you tell me anything about this?

from the 10-K of 9/28/98..... sec.gov

>>>>>For the year ended June 30, 1998, the Company had net sales to a customer that
generated approximately 50% of total net sales and net sales to an affiliate of
this customer that generated net sales of approximately 14% of total net sales.
In March 1998, the Company received notification that the customer intended to
enter into arrangements with a vendor other than the Company with respect to a
substantial portion of the business that the customer had previously conducted
with the Company. The loss of this customer could have a material adverse impact
upon the Company if management does not replace the sales of equipment and
technical services with similar revenues from new or existing accounts.<<<<<<<

zonkie..........
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