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

To: NEIL MACK who wrote (7928)	1/21/1998 8:15:00 PM
From: SG	Respond to of 11098

Here! Here! applause, applause. Your time and dedication to this thread is beyond gratitude. Tick, Tick, Tick. The clock is running. I have to love that Presstek. SG

To: NEIL MACK who wrote (7928)	1/22/1998 3:00:00 PM
From: Pierre Panet-Raymond	Read Replies (2) \| Respond to of 11098

Neil Heidelberg's most successful press is the GTO not the QM-DI as you state in the post to which I am responding. "their most successful press." As for the rest of your post I believe that your interpretation is mostly wishful thinking. Changes of a factual nature were all negative imo. On Sept 3rd PRST stated: "Presstek's PEARL-gold plate is in beta testing today, with limited controlled sales expected in Q4 1997 and commercialization in January, 1998." Jan. 20 that becomes: "An important contributor should be PEARLgold, which is expected to be in serial production by the middle of this year." Likewise with the PEARLhdp Matchprint Sept 3: "The PEARLhdp, Matchprint(TM) Laser Proof combination enters U.S. beta testing in September with commercialization expected in Q4 1997." Now: "This new system is now in beta test, and barring any unforeseen difficulties, both companies anticipate market activities will get underway in early 1998." The capital expenditure, which started at $28MM were last estimated at $35 and scheduled for completion in January. Now: "Our current expectation is that we will be producing prototype materials by the end of this quarter and that the system will be on-line by mid-year." Sounds like more cost overuns here Neil. With only $4.8MM left in their line of credit and cash/investments down to around $5MM at the end of September, it sounds like the company might have to raise additional financing soon. And Finally, Heidelberg. On October 30th PRST said: "Presstek, therefore, assumes that the current production rate of its Direct Imaging system used in the Quickmaster DI press will be reduced beginning in the first quarter of 1998." Now: "This may result in the Company's future revenues from its Quickmaster imaging kit being subject to unpredictable quarterly fluctuations. " As time has passed, and reality further sunk in, the warnings have stiffened. IMO, you ignore them at your own peril.