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Technology Stocks : Presstek -- Stock of the Decade?? -- Ignore unavailable to you. Want to Upgrade?

To: NEIL MACK who wrote (7269)	12/13/1997 3:13:00 PM
From: paul abramowitz	Read Replies (1) \| Respond to of 11098

Neil: You state: "I believe all of us will agree that any new "significant developments" or "major agreements" that may be announced from Presstek in upcoming months will create havoc in this stock, again sending it skyrocketing in price." Neil, sorry to disagree, given the long lead time for product introduction, and a market that is less inclined to value hype without substance. Neil the only thing that will move this stock is performance. At current levels, this stock implies continued, uninterupted growth of 70 to 100%. This isn't going to happen (IMO). Neil, as long as your willing to speculate on the impact of a Press Release, Hypothetically, if Presstek were to report revenues 30% below the fourth quarters, what multiple/price do you anticipate the stock to trade at?

To: NEIL MACK who wrote (7269)	12/15/1997 3:05:00 PM
From: Brent	Read Replies (2) \| Respond to of 11098

Neil, I really didn't want to discuss/debate this topic any more as I think we should just wait and see what Q1 98 numbers are, but I do have a couple quick questions/comments. <if a significant decrease was expected, Presstek would have had no choice but to have already released that information as it would have been material and required.> I thought that is what the press release was? Or could you explain your point further. <What makes you believe that Presstek is not diligently pursuing large contracts with other companies and firms? Why is it beyond your comprehension to think Presstek management is not capable of negotiating other huge blockbuster deals, just as important to their future growth as the Heidelberg agreement provided? > As I stated before, I fully believe they are doing everything they can to replace the contract, in addition, I believe they will strike a deal with someone at some point. However, you tell me because I honestly don't know the answer, how long after PRST inked the deal with Hdlbrg did they finally start making some decent revenue? You must misunderstand me Neil. Five years from now, PRST may be the stock of the decade, but I would rather wait a few months, see if they ink another deal, see if another product does start making revenue, see if plate sales really do add up, AND buy it at a lower price than today. IMO PRST will be much cheaper in a couple months when the growth declines/stops/evaporates (could be just a temporary situation). Right now, there is really only downside potential IMO. The stock has trended down for 6 months and IMO the company announced they won't continue to grow revenues as they have in the past. Brent PS Famous last words ..... <for every share that has been sold during this latest correction in the stock......there has been a buyer who recognized the value of ownership and scooped up a few thousand more shares.>