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

To: SG who wrote (7801)	1/14/1998 11:28:00 AM
From: Brent	Read Replies (1) \| Respond to of 11098

SG, No I haven't seen, smelt or felt it. Don't need to. I know it is a wonderful machine. But that has absolutely no bearing on my decision. The wonderful machine that it is won't sell enough to support the price of PRST. That is why the stock has come down so much and probably has more to go. I do think you will get a rally after Q4 numbers come out, but when Q1 98 numbers come out I think PRST (the stock) will be in trouble. BTW, I am not currently short PRST, but will probably go short on that rally after Q4 numbers. How can you compare the management suit to the short suit? Management misled you and they are still running the company. Could they be misleading you as we speak? I know that is what institutional investors are thinking. Those 3 shorts did some bad things, but it is over and they don't have anything to do with the company or its stock in the future. And even if PRST wins the case, that does nothing for the revenues, income or future of PRST. Good luck, Brent

To: SG who wrote (7801)	1/14/1998 1:58:00 PM
From: Pierre Panet-Raymond	Read Replies (2) \| Respond to of 11098

Scott, I have visited a number of printers, talk to a whole bunch on a regular basis, attended Print 97 and Graph Expo 95, talk to partners of PRST, and of course competitors in both hardware and consumeables. To listen to you only the longs are capable of conducting due diligence. I'd be careful about that attitude if I were you, it could get you into a lot of trouble down the road if you persist in thinking shorts in a stock are a bunch of unsophisticated idiots. So how do you come to know what the 3 shorts settled for? That is all confidential. The company only said it was settled in their favour. As I said earlier, that statement would be true even if the amount was only $1. On the other hand we do know the magnitude of the the fine agreed upon with the SEC, $2.7MM, amongst the largest ever levied against an individual according to Jim Surowiecki in his Fool on the Hill piece of a couple of weeks ago. To refresh your memory, Mr. Howard also signed a consent decree a few years back with Howtek.