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Technology Stocks : Intek (IDCC)`
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To: Steven Meadows who wrote (49)3/13/1997 7:48:00 AM
From: Mark Mattson   of 120
 
Steven,

I am in complete agreement. I understand that Securicor is selling its 40% stake in another company for 1.6 billion. Much of this money will fund INTEK.

At 6 dollars a POP times 165 million persons divided by 40 million shares, INTEK is, I repeat, is headed to $25 bucks a share. It might go much higher with the acquisition of a handful of 100 million plus companies.

Make no mistake, Securicor has very deep pockets and is backing this company for all its worth.

One thing I am concerned about is Lehman Bros which has not really not supported INTEK the way it should.

One big acquisition, and INTEK will have the sponsorship that it needs to turn quickly to $10.

Own for cash.

Mark

P.S. Does the news release imply ADCM which has 24 systems that are valued at about 4 million? ADCM says it has a buyer and is working out details.
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