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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: LOR who wrote (4205)	7/20/1999 11:40:00 AM
From: Bernard Elbaum	Read Replies (3) \| Respond to of 8117

Projecting initial sales does not seem easy to me, and I doubt it would be easy for M. Jacobs and co. Even if they felt confident of a military order, for example, there may be wide latitude in the size of an intial order, as it's reasonable for the armed forces to wish a further trial run in use before commiting themselves in volume. Even if we can expect virtually all university/research hospitals to order in the near future, there may be months delay in certain states by regulations. That said, Pyng should update the projections on its web site so that they are current and say as much or as little as Pyng is now prepared to say. It is perfectly reasonable for Pyng to state that the ultimate market is sizable, and that much of it should be penetrated within 5 years, and yet withhold specific projections for first year sales.