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Gold/Mining/Energy : Magnifoam Tech MTG/ASE

MTG 29.22

-1.3%

Dec 31 3:59 PM EST

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To: JAMES BORECKI who wrote (116)	3/17/1999 11:10:00 PM
From: Ron Nairn	Read Replies (1) of 144

I did speak with Carolyn Brooks at MTG. Other than the published press releases, there is little else available for public distribution. She indicated employment numbers are up at the Polyfab division but wouldn't elaborate on numbers. Most of the order book is Polyfab "Polimide " foam which is not the new/future silicon foam that much of the company's future is expected to be based on. However, components of many of the contracts do include some silicon component...ie. some of Bombardier (wing insulation) is silicon. The company is negotiating with end users to get the silicon product "specked" in orders from manufacturers. The process is 8-24 mos or more but optimism prevails. Generally, the work environment is quite positive and I continue to feel it's a reasonable, speculative long term hold. We'll be looking for continued profitability. Rondo

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