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Technology Stocks : Copytele - Another XEROX in future -- Ignore unavailable to you. Want to Upgrade?


To: Ken G who wrote (1005)10/31/1997 4:59:00 AM
From: Eric Klein  Read Replies (2) | Respond to of 1320
 
biz.yahoo.com
<< Stern said that Pinez orchestrated a conspiracy in which Centennial include some $13 million of revenue from phoney sales over a period of 11 fiscal quarters. He said Stern acted with the others in the scheme to defraud investors.

According to the indictment, the scheme, which took place from June 1994 to Decmeber 1996, included false financial performance disclosed in SEC filings, hyped announcements about company activities and non-existent sales contracts.

The contracts were designed to create the illusion of a company prospering with millions of sales, including more than $2.0 million through a fictional product called ''Flash 98.'' >>

Sound familiar? Just replace Centennial with Copytele and replace Flash 98 with Magicom. Except that COPY is much more ambitious, Flash 98 only had $2 million in fictional sales, Magicom has $200 million in fictional sales.

I think we'll see the Magicom demonstrated at about the same time that the Flash 98 comes standard with Compaq laptops.