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Technology Stocks : ADFLEX SOLUTIONS ( AFLX )

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To: Kent Sarikaya who wrote (645)	4/26/1999 4:14:00 PM
From: rich evans	of 718

Kent, the Flex companies are still suffering as you know. We all believed that Data Storage in the Server,internet age would be a good growth area, but the industry has suffered as you know form overcapacity and outsourcing to Flex companies has been a yoyo for them. These Flex companies are also very small so any problem like AFLX's recent delays dueto technical problems with their customers causes big disruptions in sales/earnings and cash flow. ALFX is in violation of its bank covenants and lending is at a stand still and they are under financial stress obviously. They are signing notes for some of their obligations. Why these companies don't consolidate is beyond me. But IMO the data storage business will comeback and these companies rebound but it sure has not gone as planned. Many have given up on these flex companies as you know and I can't blame them . There were no questions at AFLX cc and few at SFLX cc so there is very little following anymore. Not the situation we all expected but maybe money is made in adversity which is what we have. Rich

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