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To: Cary C who wrote (924)	12/30/1997 12:52:00 AM
From: Cary C	Respond to of 2377

Someone had inquired ( i'm sorry I forgot who) about wgnr. At first glance I said no way the remarks from the president of the company pretty much said it all for me. >>Commenting on the results for fiscal 1997, Mr. Robert A. Placek, President and CEO of Wegener Corporation said, ''We are disappointed and concerned by the losses recorded for the fourth quarter and full fiscal 1997 year. The impact of lower revenues was exacerbated by the write-offs we took in the final quarter for inventory, capitalized software, bad debts and restructuring charges amounting to approximately $1,503,000. As discussed later in this release, there has been a fundamental and rapid shift in our business mix to the latest generation of our MPEG-2 product lines, which are experiencing strong demand. During the fourth quarter of fiscal 1997, it became clear that it was timely to reduce, to net realizable value, our inventory of slower moving, mature analog products and earlier versions of digital products, which continue to sell, but at reduced rates. We are aggressively pursuing further cost reductions and streamlining of our operations to improve profitability. Looking forward, we are encouraged by the orders that we have already received from FOX Sports Net and FX Networks, particularly the $11.8 million order received in the third quarter of fiscal 1997, for our newly introduced UNITY digital video products. We are optimistic that fiscal 1998 will show an improvement in Wegener's results over fiscal 1997.'' After looking at it more closely I do see posible potential yet I feel it is to early to tell how manamgement will handle this transition. contracts such as biz.yahoo.com biz.yahoo.com have and will continue to help the company. Their revenues continue to remain flat for the last three quarters and does not look very incurring at this point Cary