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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Due Diligence who wrote (20247)10/18/1999 12:52:00 PM
From: Bidder  Read Replies (2) | Respond to of 25711
 
DUE, A little spam on MEMO!! Only 2.9 million float!! Business Summary
MEMO designs, develops and markets personal consumer electronics products which digitally record and store voice information on solid state memory. For the six months ended 6/30/99, revenues totalled $9.8 million, up from $2.2 million. Earnings totalled $1 million vs. a loss of $1.4 million. Revenues reflect the change in marketing strategy to selling mobile dictation recorders with Dragon systems voice software. Earnings also benefitted from decreased sales/marketing and R&D expenses.
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