Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : INCE - Intercell info??? -- Ignore unavailable to you. Want to Upgrade?

To: Grainne who wrote (2485)	1/6/1998 4:31:00 PM
From: Lee Bush	Respond to of 3358

Christine and all: Well, there was quite a bit of buying at the ask today. Perhaps we are turning upward now. Lee

To: Grainne who wrote (2485)	1/6/1998 5:47:00 PM
From: Bill Pearson	Read Replies (1) \| Respond to of 3358

To be filed in the "For what it's worth" file drawer: I met with Gil Olachea along with another SI poster and INCE shareholder, Bruce Hopkins, on Monday afternoon. We sat down and talked for about two and a half hours. 1) Sigma BMI is quite real, and production was ongoing when we were there. Gil is very real too, and his vision is clear and solid, in my opinion. Gil has done an excellent job in turning Sigma 7/BMI around internally...it was pretty bad before, but they're really ready to accomodate a full production plate now. 2) They have not rec'd the money to launch full scale DIMM production, but the likelihood that they will receive the money they need is still quite strong. Everything, and I mean everything is in place to move forward once the money is in Gil's hand. You'd have to sit down with Gil in person to understand that Sigma is in good hands, and except for the near term frustration re: capitalization, all is well at Sigma. 2a) $26 million in revenues is still the target for the next 12 months....originally it was Gil's target to hit $25-26 million in revenues in fiscal 1998 (ending Sept '98), but with the delay in getting the capital he needs to move forward, that target is for year end (calendar) 1998. Although it's all speculation right now, 1999 should bring $40 million in revenues, and in 2000, $100 million. That's assuming no additional new products are added to the slate (nothing other than traditional, commodity oriented, memory products), although it's apparent Gil has plenty of solid ideas pertaining to non memory products. Of course the revenue numbers are a moving target and I think it would be wrong to hold Gil to any number other than $26 million by year end 1998 (pro-rated for the number of months in calendar year '98 he is fully operational, once he receives the capital he needs). 3) Although Gil does not have direct involvement in INCE or Microlink, he mentioned that all is going well with Microlink, and that the necessary "proving out" of the technology, that is needed to show the rest of the world that Microlink really does have something of value (that the rest of the world wants), is coming along very well. Neuhaus seems to be pretty happy, and for a tech guy he's excited. Gil felt it would be inappropriate to comment on the status of ongoing negotiations with outside interconnect companies, but he personally felt optimistic about Microlink's long term future. It should be noted, I think, that no one I've spoken to about Microlink's potential cash flow (derived from royalties) feels that Microlink will see substantive cash flows for at least 12-18 months after an alliance is struck. What Microlink appears to have is quite viable, but it's also apparently ahead of the market's ability to implement the technology into the existing product line(s). The bottom line appears to be that Microlink's future is indeed very bright, but as with anything worthwhile, it's going to take longer than anyone (who wants to get rich quickly overnight by investing in penny stocks) would like to truly add to INCE's bottom line. My opinion: Increasingly, I think INCE is a 2-3 year play, in order to get back to $5+. From these levels, $5 is a great improvement from a percent increase basis. For those of us who bought in originally at $4-5+/share, and have had to deal with one disappointment after another, 2-3 more years seems like a prison sentence. Our capital is locked up in a stock that may take years to recoup its original value....but that's the way I see it. From my perspective, INCE is not just a shell game, although it appears that way at times. It's a start up, run by humans, who regardless of their good intentions can't squeeze water from a rock....it's not easy to raise money under the present circumstances, but Paul is undaunted. His tenacity is admirable. If you haven't sold to date, you might as well hang on for the long haul. It still appears to me that it'll turn out OK in the end. For what it's worth.... Bill