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Technology Stocks : Irvine Sensors -- Ignore unavailable to you. Want to Upgrade?

To: Robert Florin who wrote (381)	1/7/1998 5:43:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 1673

The Yahoo board is alive with "rumors"(?). Take a look at this. What does everyone think? " I've enjoyed observing the debate on Irvine's history and the assessment of their potential for success. I hold a fundamentally different view of the company than some of the earlier postings because there have been lots of changes in the company since some of these 'insiders' left. I believe there has been real...positive, change taking place under Jim Evert. He has hired some very good talent (John Murray, Floyd Eide, and Ernie Arabtia to name a few). Their technology is converging in some very positive ways. BTW, their ASIC readout chip is past the fab stage as is their MEMS Micro Silicon Ring Gyro. Additionally, they are transitioning from an R&D hobby shop to a company truly interested in the marketplace. One of Jim Evert's challenges will be to relinquish control over the day to day activities of Novalog and MSI and let their leadership run with the ball. All indications are that the new leaders of these subsidiaries are 'men of action'-real leaders focused on product and marketplace. This will give Jim the time to focus on the strategic confluence of events surrounding Irvine's technology potential. While some of you assessed a company which principally stacked memory, I own a different company. I own a company with two new subsidiaries with real products, a technology core which continues to produce, an improved memory stacking operarion which does not suffer from overcapacity, and a developing management team which is building talent and displaying talent. I own a different company and I am proud of their ideas and their potential. Look at Jim Evert's record at IRSN. He has delivered on every promise he made 10 months ago. He's made tough decisions. He's finding new talent for the board of directors. Hopefully, he'll even be given the opportunity to get rid of some of the other dead wood on the BOD. These folks have several real opportunities at hand. Novalog and MSI could both be $50M companies within five years. That's not Iomega kind of growth but if Irvine has $100M in sales in five years this stock will look cheap at $15/share. This assumes no growth from their improved memory stacking operation, no success with their digital e-film, and no success out of the Advance Technology Operation. Bottom line- This is a different company today. Patient investors will be rewarded. The power of ideas and the power of personal commitment from the people of Irvine Sensors is going to prevail. "