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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (14125)	7/1/1999 9:07:00 PM
From: David	Read Replies (1) \| Respond to of 26039

Re: Financing We can look on the financing and issuance of more stock as an extension of the Identicator merger, since the lion's share of the new cash is clearly going to be spent on behalf of the bio-ID, Identicator side of the business. A few of the $15 million can probably be attributed to collateral merger costs, such as an F3 inventory writedown (no more than $1 million, I'd think) and some -- hopefully temporary -- slowdown in tenprinter business revenues while other, more important work was being done by management. IDX should have over $10 million cash right now, and I am sure that the amount of free cash has been calibrated carefully to meet immediate needs of the commercial bio-ID alliances and product development. You can bet this money has already been earmarked and will be put to good use. Talk about a badly timed short in a fundamentally good company!

To: Steve Felix who wrote (14125)	7/1/1999 9:17:00 PM
From: steve	Respond to of 26039

Steve, From my limited perspective... seems to be favorable at first glance, for the long term. This part has me thinking however; Terms of the transaction include a provision that could result in a one-time issuance of additional warrant shares if the registration statement is not effective by July 23, 1999 and the market price of the common stock is less than $8.71 on the date of effectiveness. We're pretty close to $8.71... Unless Randy has some good news, I have an inkling that we'll see lower prices... Not good for the short term... On the other hand:), Don't think Randy would have announced this if earnings were not going to be as expected or better... steve