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Technology Stocks : Merrimac (MRM) anyone else follow 'em -- Ignore unavailable to you. Want to Upgrade?

To: Liatris Spicata who wrote (63)	12/22/1997 9:51:00 PM
From: Friend	Read Replies (1) \| Respond to of 110

Larry, Received a response from my email to Mr.Condon(CFO).In summary: Many of the smaller capitalization technology companies Merrimac is grouped with are suffering from year-end portfolio adjustments or tax selling. During the late summer, momentum buyers drove prices up and paid $18 to $19 per share. After the "Asian Flu" and the Russell 2000 index softness, the group as a whole came under selling pressure. There have not been any material changes in fundamentals and the decline in stock price is not indicative of our solid operations performance. Glad to hear this! Merry Christmas and Happy New Year. Dave.

To: Liatris Spicata who wrote (63)	1/18/1998 6:47:00 PM
From: Liatris Spicata	Read Replies (1) \| Respond to of 110

At the risk of waking up a sleeping thread, I'll refer to an aritcle from the Oct. 1997 Individual Investor (II) that was included in MRM's 3Q report. II looked at several companies they had recommended in '96. Some them were real dogs, but MRM (which then sold at $15.25) had done reasonably well. The article noted that in the first six months of '97 that MRM's sales grew 30% while orders grew 47%. II estimated earnings should "rise above $1.50 a share in the next year or two, up from $0.33 (excluding a onetime charge) in 1996, suggesting that Merrimac's shares are well worth $15.25."