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Technology Stocks : Superconductor Technologies : SCON -- Ignore unavailable to you. Want to Upgrade?

To: Jon Khymn who wrote (548)	2/29/2000 9:59:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 903

Web, hope you don't mind a recap about this company: 1. Very poor financials and balance sheets: - Lost $36 million since inception - Negative book value at yearend - Came close to be delisted by Nasdaq (per SEC filing) - Sought shareholders approval to sell shares at a significant discount from market price in order to maintain operation and Nasdaq listing (SEC filing) 2. Limited commercial customers: - U.S. Cellular is the only "big" customer - No household name customers 3. Declining government contract revenues: - Declining every year since 1997 4. Insignificant commercial product (SuperFilter) revenues: - Less than $1.5 million per year 5. Significant Losses due to commercial product sales: - Cost SCON $3.5 for every $1 in revenue 6. Massive dilution - Conversion of preferred stocks adding > 6 million shares. 7. The good one: - Market cap jumped $1 billion on a $0.5 million order of 27 filters from U.S. Cellular. There's more, but I'll stop here and save them for next time. Regards, Tom