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

To: E who wrote (7640)	1/4/1998 3:41:00 PM
From: E	Read Replies (1) \| Respond to of 11098

[I've excerpted from this post of Neil's--JM] To: paul abramowitz (7630) From: NEIL MACK Saturday, Jan 3 1998 6:21PM EST Reply # of 7640 Paul, the reduction in kit orders was taken completely out of contex by the bears who applied their own ficticious slant to a simple return to normal production numbers. We all knew that the original increase up to 80 kits monthly, was to catch up to the huge backlog of press orders at Heidelberg. The refusal by the bears to even acknowledge the companies increasing revenue from other sources and the 5 time increase in systems imaging Presstek kits was quite clearly an attempt to persuade investors that Presstek was in trouble etc. As you know, it was even reported incorrectly that Heidelberg was phasing out their ties with Presstek.(my bold-JM] You need to spend some time and investigate the sales of insiders at the then current stock prices. The majority of shares sold were from expiring options and represented only a small fraction of total insider holdings which still account for more than 20% of outstanding shares. What is glaringly missing from your post is that the SEC found no problem with the sale of the stock and would have certainly used this allegation if there was an truth involving wrong doing to their shareholders. The degree of complaint in the SEC findings are very minor in detail compared to the original charges and are not material at all to the present day activities of the company. The stock will recover quickly when investors return back to this stock. They will do so and the shorts will cover when they are assured that the company is on track to maintain and increase the record increase in earnings. You state: "The shareholder suit is strengthened. Their claims are substantially identical to the SEC." How on earth can you say that! I do not believe you have read the shareholders claims! Better read it again Paul.....most of the bite is gone! Paul, Your interpretation of the Non-Disclosure in a negative way is again wrong. I believe it is as Presstek stated and coming from the companies they have contracted with, as again they stated in a press release. Companies such as Heidelberg and others that are marketing Presstek direct imaging presses appear to be concerned that competition not know what they are doing. Also, as I stated prior, it certainly make sense to not release publicly your next new project until you are assured of the lead in the market. What good does it do to have everyone else begin work on your technological breakthrough if you have immediate competition from the get-go. Paul, Presstek announced 1000 quickmaster kits will be delivered early in 1998. To me, this means by the end of the first quarter. Sure doesn't sound to me like much of a cutback, does it? -------------------------------------------------------------------- (I was going to post more, but have to go now. JM)