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Technology Stocks : Tseng Lab on the move?

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To: Erwin who wrote (27)2/20/1997 9:45:00 PM
From: jelrod3   of 251
 
I'm long on TSNG, but wished I had dumped this stock last year. TSNG is long on promises, and short on delivery of anything but bad news... witness all the hype and promises about their ET6000 product, which never came to pass, and from all I can tell, is obsolete before it even got out of production. I question whether this repeated disappointer can recover to it's IPO heights [or promise, for that matter] But if they do move up, great....it'll be a chance to sell. They do have a strong balance sheet re cash and current ratio, but have you calculated their "burn rate"?
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