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Technology Stocks : Tseng Lab on the move?
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To: Edward J. Cillo who wrote (25)2/17/1997 4:05:00 AM
From: Erwin   of 251
 
Tseng comes back in the 4th

Tseng Labs showed a true sign of strength in the fourth quarter of their fiscal year. The profit results came out with a 58 cent per share loss. Those that are short sighted and buy stocks because they like the colors of the cover on the annual report were quick to sell out driving Tseng down to $3.75 per share. Investors that study the worth of equities were quick to prop that price back up to it's current support level between $4 and $4.25. The unaudited statements reflected a 58 cent (about $11 million) loss but that loss included one time charges of about $14 million. Without those one time charges Tseng would have shown a profit of about 15 cents per share. This strength is based on a 2D product which will soon have a 3D brother joining the product family. In coming months 2D technology will be overcome by 3D and when it is Tseng will be there waiting with a superior 3D mapping product that has the promise to dominate the video market. Couple this timing with the projected Bill Gates release of WebTV in December 97 and the potential is an exciting money making opportunity. This stock, like any playing the video game, has its risks. However, it is a good bet backed by industry respect and solid research and development. The company also displays a strong balance sheet that allows it the luxury of financing its R&D period without incurring large debt. For medium risk money that wants to grow by 300% or more by the beginning of 1998, Tseng is a choice candidate.

Erwin
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