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Technology Stocks : HAXS - Health Axis -- Ignore unavailable to you. Want to Upgrade?

To: Don Hand who wrote (45)	7/30/2000 10:28:50 AM
From: Pikeaholic	Read Replies (1) \| Respond to of 124

It would help if the earnings announcement included pr's relating to the sale of the website/back-office technology to some major insurers. Make the new biz plan appear viable going forward. (Ouch! still a story stock) All HAXS longs need a good confidence boost. A lower burn rate would help and new biz would help even more. RD

To: Don Hand who wrote (45)	7/31/2000 8:00:46 AM
From: news_is_here	Read Replies (1) \| Respond to of 124

Yes Don, I agree. The new burn rate will tell us whether or not they are in danger of going out of business anytime soon. Since they had about 18 months worth of cash on hand before they sold the consumer site, I would think that they are in great shape now. With the consumer site sale providing $4 million coming in during the next 12 months, plus $3 million over then next 30 months, and the elimination of around $10 million in annual expenses from that site, things should be drastically different from here on out.