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Technology Stocks : NUKO INFORMATION SYSTEMS -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (3264)	11/15/1997 9:34:00 PM
From: Mark A. Stang	Respond to of 3509

Hmmm, over $5 million cost of sales against $178,000 in revenues, because of inventory reserves prompted by potential "obsolescence". And R&D went up $200K to $1.7 million from 3-Q 1996? Not much between the lines reading needed here--NUKO's products are obsolete (doesn't matter whether intrinsically from a technical standpoint or from a simple lack of market demand), and they burned a chunk of change trying to build a better mousetrap (or trying to hang enough window dressing to convince the world they're on their way to a better mousetrap, to line up new financing.) Glad I sunk only $7K into this loser. Kept my bet small, but still left it on the table too long.