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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: steve who wrote (4504)	10/28/1997 9:11:00 AM
From: David	Read Replies (1) \| Respond to of 26039

1Q looks like delayed BAT acquisition cost to me . . . We don't have very detailed information, but note the increase in R&D (2 cents a share) as well as possibly increased amortization and depreciation. It's likely BAT was not a profit center, unlike ANADAC or Fingercan, but more an investment in the future and a minor drain on the present earnings reports. We also have healthy, if not unbelievable, underlying revenue growth. If there are about $38 million in two INS deals coming, plus something from Sylvan, Oracle and Conavi, you're looking at a $120 million plus year in revenues.

To: steve who wrote (4504)	10/28/1997 9:12:00 AM
From: Rob C.	Read Replies (1) \| Respond to of 26039

Steve, I just hope we don't see $5.00 or $6.00....and I am not kidding. Market conditions couldn't be worse and we miss again. Who are the lawyers??? It better be F. Lee Bailey or someone of that caliber. This is getting to be a real joke. When you add market considerations, we are so screwed. Holding my breath. Rob

To: steve who wrote (4504)	10/28/1997 10:16:00 AM
From: brad greene	Read Replies (3) \| Respond to of 26039

steve....I'm the man. Margins came in at 54%...above the target of 50%..... R&D was huge expense.....$ 400,000 or 3.5 cents extra....... went into bringing out the 3 or 4 new IDX products.......I have no problem with IDX investing in future sales. Legal expenses are high....but will go away someday. Sales were disappointing......I hope a few of the big contracts were not in the quarter......If they were not.....they will be in the next quarter. We should listen to Randy........Things may not be nearly as bad as many of us think. bg ps. Kessler will want to know about SG&A.......I hope IDX made progress in this area.