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Technology Stocks : Cornerstone Imaging (CRNR)
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To: Mark A. Stang who wrote (74)2/4/1997 10:42:00 AM
From: henry tan   of 430
 
Hi, Mark. A lot of people know CRNR as a hardware company. Nearly they know there is a software division in CRNR. In 94, when Pixel Translation was bought by CRNR, its yearly revenue is about 1 million. Compared to the yearly revenue of CRNR, it is a "peanut". (Sorry, I quote this from someone's post. Hope it won't offend anyone) However, this division has been growing at a speed of double digits every year.
If one reads the quaterly reports you will see the software division is growing at 40-50% in 96. In 96, Pixel has a record 5 Million revenue. Based on the speed, in year 2000, The revenue could easily make a strong impact on the CRNR balance sheet.
If the market value of a software company is 3 * the yearly revenue.
The current maket value for Pixel will be 5 million * 3. (15 Milion/7 miliion share is about 2 dolloars). What is the value in 2000 is hard to predict because no one knows the exact growth every year.

We have been using the toolkit form Pixel for long time and know it has been widly accepted in the main market to develop imaging/scanning appication. The InputAccel is out new. There is lots of growing opportunities in this new area.

I have been investing CRNR, SUNW, MSFT and INTC for long term. My average load price for CRNR is $11-12. I will still keep my CRNR stock and watch their growth very carefully.

-Henry
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