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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Terrapin who wrote (10810)	6/29/2000 11:21:00 AM
From: JSwanson	Respond to of 78531

In December 1997 EFII announced that 4Q profits would only be about 1/8th of what was expected. The lower profit was due to the beginning Asian Crisis (Canon and Ricoh are two out of three customers accounting for over 60% of EFIIs revenues). The company is much stronger at this point and has a very solid balance sheet. The latest 10-Q shows just under $500 million in cash and short-term investments (before recently announced $100 million share buyback) which equates to roughly $8.80 a share.