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

To: JFD who wrote (7668)	1/5/1998 9:59:00 PM
From: NEIL MACK	Read Replies (2) \| Respond to of 11098

I believe the initial reaction that caused the stock to drop after the Heath purchase announcement, was in part due to one last gasp by the bears who shorted this stock hard. Seems they believed the 94,000 shares had to have seriously diluted the value of the stock. It was quite interesting to watch the trades..... First a 100 share buy, then a 2000 sell. Buy 100 sell of 3000 and so on. A short sale following an uptick. Well it sure didn't continue, did it? A very nice recovery in the last hour or so and I would expect it is upwards in price from here, as the true meaning of this latest venture starts to sink in. Presstek sent a message to the doubters today. It should have been quite clear. New Presstek press technology is soon to be available to the highest bidder! Hey! How about that Presstek!!! ....Heidelberg who????? Neil

To: JFD who wrote (7668)	1/6/1998 11:21:00 AM
From: Pierre Panet-Raymond	Read Replies (2) \| Respond to of 11098

I'm sure you could say the same about the due diligence from the partners of Catalina (now Delta V- sounds like a galaxy on Star Trek)except they took $8.4MM of cold hard cash) and options to buy 100,000 shares at $89.50( pre split). I bet you that they are sure glad they took cash instead of stock @ 44.75! Some further thoughts on this deal. I guess PRST's cash must be getting awfully tight to do a $2.4MM deal all in stock. $2.4MM doesn't seem like a whole lot for a company that has been in business for 20 years.