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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

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To: Ron Bower who wrote (248)	2/12/1999 11:30:00 AM
From: David Seltzer	Read Replies (2) of 276

Ron, I listened to the live cc.I thought it was very positive.I called the company after the call and spoke to Carlos Martens,CFO.Some points not covered in the cc: 1.GE joint venture to kick-in in the second half of 1999(Q3 1999). 2.Cap exp for 1999=$7 to $8 million,with $2 million of the total for GE. 3.DSO=46 days I am going to guess that Goldman,Sachs ups its estimate for 1999's eps. OFF TOPIC-I would bet that Koo made a big mistake with Albatronics.The company may have added more working capital in January and Feburuary which makes the situation worse than it appears. David

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