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

To: brad greene who wrote (4643)	10/30/1997 2:01:00 PM
From: Hockeyfan	Respond to of 26039

Sylvan JV Were you guys are flapping so much that you failed to notice the numbers in Brad's Illinois post? "State Police Master Sgt. Don Murphy told the Register Star that the Bureau of Identification ran 65,432 background investigations for school districts statewide in 1996. Only 3,843 included fingerprints." I too am slightly disappointed by the lack of disclosure of existing contracts for the Sylvan deal. But we do know that we have the State of Illinois and now we know that we could capture at least 65,000 fingerprints next year JUST FOR THE SCHOOL DISTRICT! That is almost a 260 printsets each business day! The potential market is enormous. Hopefully we haven't reassigned the Oracle guys to this project. IDENTIX WILL NOT GIVE THE TP600'S TO THE JV!!!!!!!!!! Am I clear on this point? Randy told me point blank that "He never gives anything away." Not to Oracle Touchsafe Beta testors, not to NEC, not to anyone. Identix is SELLING the TP600's to a third party lessor. IDX is contributing its Fingerprint Services Division to the JV. Sylvan is contributing the use of its facilities to the JV. The main question is - where will the seed money come from for the JV? It appears that much of the initial start-up costs will be paid by IDX's Fingerprint Services Division. Once the JV obtains more quantifiable contracts it might be able to secure financing on its own using the contracts as indicators of future cash flows and the TP600's as collateral. Sheldon's contention that police department's will cut into the JV's revenue as more and more of them get tenprinters and they look to fingerprinting as "a source of revenue" is the same warped thinking that prompted him to invest most of his net worth in an also ran. The last time I checked the police department's purpose was to protect and serve, not to be a profit center. My confidant sells equipment to law enforcement agencies throughout the Midwest. He tells me that police departments hate processing civilian fingerprints. They would rather be catching or processing criminals. The money received does not compensate them for the inconvenience of having to provide the service. Currently they are the only game in town and must provide the service. They will be grateful when the Sylvan JV takes alleviates the problem for them putting more cops back on the street!

To: brad greene who wrote (4643)	10/30/1997 8:09:00 PM
From: steve	Read Replies (1) \| Respond to of 26039

Brad; Somemore AOL Thanks for the news. Sure would be great not to miss a predator... Subject: Management Date: Wed, Oct 29, 1997 21:19 EST From: RMSpear Message-id: <19971030021901.VAA13419@ladder01.news.aol.com> I'm long IDX since $3 / share, but am very concerned about management. How could 2 guys screw up the Oracle stuff? That was IDXs exposure to the world. Yet, "2 guys" went unsupervised long enough to affect this deal? Randy and the boys should have seen the problem long before it had a chance to affect the companies bottom line. Damn! I would rather hear from IDX about how they will change management to prevent problems like the Oracle debacle rather than that they fired "2 guys" that ran amuck unnoticed until the best deal that IDX ever had was wrecked for 2-3 quarters. Subject: Re: Management Date: Wed, Oct 29, 1997 21:47 EST From: Halkhave Message-id: <19971030024701.VAA16236@ladder01.news.aol.com> I have not read today's stuff on SI but it sure is difficult to see the Sylvan announcement as anything more than a non-event. Indeed, Randy's reported non-chalance over the fact that the Sylvan deal had not even been announced is consistent with that view. He also must see today's announcement as a non-event. That does not mean that it does not provide a lot of potential for the future. But the future seems to keep on getting pushed farther and farther out on IDX. Even Kessler went from .40 this year to .25 this year and .40 next year. His target price of 18 within twelve months is an eighteen month old target already. I am reluctantly beginning (not there yet) to push back my own expectations on this company in terms of time frame. But still long -- Hal Subject: Re: Management Date: Wed, Oct 29, 1997 22:16 EST From: Mbenz59869 Message-id: <19971030031600.WAA19185@ladder01.news.aol.com> RMSPEAR I agree with you 100%. IDX has huge potential, but look at the loose ends that most companies would never allow to exist: 1. It took a bunch of people on the SI investor thread to straighten out the incorrect info that was being reported on several services (Zacks etc). The PR firm finally took care of it after two or three weeks of complaining. 2. The company website has been under construction (unfinished) for over a year. 3. The Learch lawsuit problem. 4. PR has been poor (at best). 5. Now the Oracle deal has been botched for the last several months? Has this company become too large and complex for the present management to handle it? This is a critical time for the company to instill confidence in its shareholders and the marketplace. Management should start talking to shareholders on a more regular basis AND make certain that the details are finished! After all, that is why they receive those stock options! Subject: Re: Management Date: Wed, Oct 29, 1997 23:33 EST From: SSpenard Message-id: <19971030043301.XAA27066@ladder02.news.aol.com> I also agree that management could be an issue going forward.Randy Fowler may be an excellent engineer and visionary but does he have the skills to lead the company out of the "startup" faze into a large well oiled multinational company? The Oracle issue did not seem to be well handled considering the huge commerical potential to put IDX in the big leagues.IDX will go nowhere fast without selling product to commerical sectors.With 50% of the world's databases,Oracle should have opened the door for IDX .I just hope the door is still open.Doesn't seem like Oracle sales dept is selling much IDX product so far.Oracle could also be partly blamed for poor sales.With less than 1 million in sales I wonder if IDX has even recouped its R&D(and other expenses) for this Oracle product. IDX is starting to get to the crossroads.Management will need to execute effectively (especially as competition grows) or it will never get out of the minor leagues.I just hope the current management can handle the job and/or make the nessasary changes as needed. You probably won't hear any concerns from most on SI.Too much hype over there and I think some are in denial after their lofty expections for Q1 didn't pan out. I'm still long but I too see concern like others on this thread. S Subject: Management and the Bear Date: Wed, Oct 29, 1997 23:37 EST From: MD1554 Message-id: <19971030043700.XAA27242@ladder01.news.aol.com> <<<....How could 2 guys screw up the Oracle stuff? That was IDXs exposure to the world. Yet, "2 guys" went unsupervised long enough to affect this deal? Randy and the boys should have seen the problem long before it had a chance to affect the companies bottom line. Damn!>>>> Excellent question rm....I thought management is supose to be their strength! Subject: WSJ and Lehmann Date: Thu, Oct 30, 1997 07:52 EST From: Club doctr Message-id: <19971030125201.HAA17588@ladder01.news.aol.com> From todays WSJ: >>Identix, a fingerprint-identification company, was up 3/4, or 7.6%, at 10 5/8 on the American Stock Exchange. The company agreed to form a joint venture with Sylvan Learning Systems under which Identix will provide full 10-print fingerprinting services at Sylvan Learning Systems testing centers nationwide. The accord also will supply fingerprint services to Illinois state agencies under an existing contract with the Illinois State Police.<< Also, Lehmann has issued new report which, incidently, I am unable to access. So any insight as to what it says would be appreciated. lehman.com Subject: Re: Sylvan Release Date: Thu, Oct 30, 1997 08:08 EST From: Club doctr Message-id: <19971030130800.IAA18488@ladder02.news.aol.com> >>We need a Nationwide contract to justify putting TP-600's in every Sylvan location.Doesn't make sense to do it now without a Nationwide contract in place<< I was under the impression that there is an ongoing demand for fingerprinting services on a nationwide basis. I thought that getting fingerprinted was a prerequisite, and maybe an ongoing requirement, for employment in some types of work. Where do these folks get the prints done now...police headquarters? Is there any reason why they couldn't go the Sylvan Center instead? I certainly would prefer Sylvan...given a comparable cost. I didn't think any "contracts" would be required to offer this service? Lots of questions, Doc Subject: Re: Sylvan Release Date: Thu, Oct 30, 1997 17:30 EST From: PORSCHE770 Message-id: <19971030223001.RAA28337@ladder02.news.aol.com> Doc, The number of government and private workers being fingerprinted each year is growing at a very rapid pace (thus the reason that Identix and Sylvan formed the joint venture). The current number for 97 will be in the area of 2.5 million if I remember correctly. This is supposed to more than double for 98.....and continue this rapid climb for the forseeable future. The Sylvan joint venture will be an excelent revenue base for Identix to build off of...and the product revenues over the next 12-18 months should top 60 million or higher. You can look back at one of my previous posts for a breakdown of how this should play out. This is a very big deal for Identix! Just because they do not announce dollar figures in their press release.....do not pass this off as just another deal....this is a MEGA DEAL. You will see as time goes by...not too much time I might add. The Sylvan deal is just one of many deals that are in the pipeline...I sure that we all will be very pleased with the rapid growth from this point forward. I am sure you knew all of this Doc.....I was just answering as if you didn't....for the benefit of other less informed readers. Porsche770 Subject: Re: Still at the office? Date: Thu, Oct 30, 1997 18:03 EST From: PORSCHE770 Message-id: <19971030230301.SAA01325@ladder01.news.aol.com> I have been at the office more than normal...and this trend is going to continue. I have less and less time to devote to this board. Identix has come a long way....and is now ready to reap all the rewards of Randy's hard work over the last decade and a half. I will continue to buy shares when possible....for clients with the right risk profile.....and I intend to add to my holdings whenever possible....but for some length of time I will be absent from the board. I may return in Jan. or Feb. of 98....(only four months away). I should be in my new house by then...and ready to try out my new computer room. If for some reason you need to contact me you can do so through personal friends on this board. Just say that you want to talk to me....and ask for help. They will contact me....and I will contact you...unless you are short IDX.... or your character is in question (which tend to be one in the same). IDX is cooking with gas now....lets hope the shorts gets their tails burned off! Porsche770 Subject: Re: One more day. Date: Thu, Oct 30, 1997 18:17 EST From: PORSCHE770 Message-id: <19971030231701.SAA02768@ladder02.news.aol.com> I will be on-line one more day....so make it snappy if you need to ask any specific questions. You can try to E-mail me.... but..... I do not have everyone on the IDX board on my list. Just post your question. I am very pleased with the earnings!!.....of course I would like to see more go to the bottom line...but that my friends is forthcoming.......growing pains do not last forever. Porsche770 Subject: Re: One more day. Date: Thu, Oct 30, 1997 18:42 EST From: Rang1995 Message-id: <19971030234201.SAA05076@ladder01.news.aol.com> cant e-mail you so i would appreciate your take----How bad do you see the IDX-oracle delay as being? just a glitch or a problem? thanks