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Technology Stocks : Racom Systems (RCOM)
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To: Gutterball who wrote (405)2/22/1999 6:31:00 PM
From: Gutterball  Read Replies (1) of 468
 
Good volume on Racom today, 73,900 shares. Price also moved up 1/8 or 36%. Closed at 15/32.

I assume this move was in response to Cubic's BART contract win. At one time, Racom was a partner in this bid with Cubic. However, I have been unable to confirm if Racom will still participate in the BART contract with Cubic. There is a possibility this relationship may have expired with development of the new business plan. Recall, Ramtron supplies the smartcard to Cubic.

Present focus at Racom has been on putting its financing together which appears to be going well. Hopefully, we will be getting more news on this near term. I've been told, Rancis is talking with lawyers, crossing the t's and dotting the i's... that sort of thing.

I expect Racom to announce an internet product Q1 and maybe a license agreement later this year... and of all things, with a US firm. Anyway, that's the buzz.
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