Boca research - Reawakening? Message Board

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Technology Stocks : Boca research - Reawakening?

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To: Mallory Madison who wrote (222)	2/24/1997 4:03:00 PM
From: JDN	of 640

Ach tung Mallory: The $.56 earnings estimate isnt mine its a synopsis of the Analysts estimate in "First Call" In 1995 they were going big time in OEM sales, not really profitable but carried the overhead considering the volume they were doing and they had rapidly increasing sales overseas. That was when I bought in at $18 YUK. Since then they have been trying (not too successfully yet) to break into the Retail Sales Market which I approve of and have held on to the stock because of. Then just recently they did something I'm really upset about. They bought a bankrupt German Company incurring $63million of debt. Im upset about this for two reasons. One they now have that debt which they never had ANY before and it is material to their balance sheet. Thus they have a bigger nut to crack. And secondly their management team is small so why buy a Company which couldnt have been so great otherwise it wouldnt have gone bankrupt, when they should be focussing all their resources on competing and getting into Retail Sales. Thos are my thoughts. jdn

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