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

To: chaz who wrote (5697)12/11/1997 11:04:00 AM
From: Elvis Jones  Read Replies (1) | Respond to of 26039
 
Thanks for the question.

I EMailed it to Mike Hardesty at wbn.com

Happily Long IDX,
Duke



To: chaz who wrote (5697)12/11/1997 1:00:00 PM
From: David  Read Replies (1) | Respond to of 26039
 
I'm not a financial expert, but IDX has a lot of business done with governments. They can pay slow, but they pay. The INS took 43 expensive TP-600 machines at the end of the last quarter, maybe about $2.5 million worth. They may not have paid by September 30. The inventory buildup of $688,000 could be in anticipation of further INS business for TP-600s.

If this is the explanation, do you still have a problem?


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