INEL - Inteligent Electronics ? Message Board

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Technology Stocks : INEL - Inteligent Electronics ?

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To: Joseph T. Stottmann who wrote (21)	1/24/1997 3:09:00 PM
From: brian chan	of 234

INEL was tossed out today by the $treet along with XLCT that is 80% owned by INEL. According to the last company report, it has $59M cash. That comes out to be around $1.8+/sh. The all-time low of this stock was 3-1/2. If you look at the chart, it jumped back to 7+ in the following two days. A guy who runs the John Hancock small cap was bullish on INEL back in November in Barrons saying INEL's asset worth 8 bucks alone, not counting XLCT. They did announce a good chunk loss earlier with a $88M write-off on acquisitions. Revenue has been rising every year. They did more than 3B dollars in 96. At 4X32M shs = 128M mkt cap, it is trading at a fraction of the annual revenue. I believe if you break INEL up, the parts are worth more than its whole. This is an excellent risk/reward play in this crazy mkt. Look for the stock to bounce after the dust is settle.

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