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

To: Pierre Panet-Raymond who wrote (7883)	1/19/1998 4:01:00 PM
From: NEIL MACK	Read Replies (1) \| Respond to of 11098

From Printing Impressions: January Edition..... Headline - Presstek Deals: Fuji,Heath and the SEC. HUDSON, NH--Printing technology supplier Presstek has been busy in the last few weeks, making new deals and settling old difficulties. Most recently it acquired Heath Custom Press of Seattle. Officials say the acquisition will allow Presstek to produce prototype and preproduction concept designs and applications in a more timely and cost-effective manner. Ross Peterman will continue as president of Heath, and it will remain in its current facility. Late last year, perhaps mindful of the recent Kodak/Sun Chemical joint venture, Fuji Photo Film and Presstek signed a deal that they say will lead to "various products that use Presstek's technology" and may in the future "allow Fuji to market Presstek technology on an original equipment manufacturer (OEM) basis." Meanwhile, Presstek settled its case with the Securities and Exchange Commission (SEC), which accused the company and some of its officials of distributing false and misleading information that inflated the company's stock price. The company itself was not required to pay any penalty; however, two of its officers were fined. Robert Howard, the company's chairman, was fined $2.7 million, and Robert E. Verrando, president, was fined $200,000. The value of the company's stock rose to a $100 a share in May of 1996, mostly on the strength of the reports the SEC says were misleading. At press time, Presstek stock was trading at about $25.