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To: Rashid Garuba who wrote (4087)	1/23/1998 12:34:00 PM
From: Sheri	Read Replies (2) \| Respond to of 8835

I believe this company might just be a nice sleeper ELST Electronic System Technology Manufactures and developer of ESTeem Wireless Modem. (allows computers to communicate via radio frequency waves) Industry leader for 12 years, and the market leader in wireless modems Customers of this technology include the armed forces (18% of sales), foreign export market (20% of sales), others listed on website. Received Washington State Governor's new product award in 1990. NO PR Firm. Company advertises in industrial controls type of magazines and journals (advertises to those who have need for product), and are listed in the Allen Bradley resource guide. (If you are designing and need a product, EST's is listed in that catalog) The news release today basically says that the FCC has tested and blessed the new product, which is a 19.2 baud rate modem. Unless the FCC allows this, you cannot sell aa product using the FCC bandwidth for public consumption. Their previous product was only a 9600 baud modem. They are constantly developing new architecture for their products. Competitors: Using the architecture for these products, EST is the only manufacturer. Other companies that have similar products are Metricom, and Daylink. esteem.com Home page SEC Filings on Edgar News on Yahoo 509-735-9092 phone number Kennewick, Washington Earnings: .02/share Publicly held since 1984, a a fully reporting company 52W high is .40 52W low is .19 Shares outstanding 4.95 Float 4.4 Book value: .41 Employees: 12 Finance Manager: John Correio Sheri

To: Rashid Garuba who wrote (4087)	1/24/1998 12:22:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 8835

Rashid, that is exactly what I said in my email last night. This stock only has appr. 1.5 in free trading stock. 176K was traded but the real time today suddenly show 1M 3 times which are MM cross blocking. This stock is hurting for shares and the MMs need shares to sell to the buys. WELCOME to a short position and lack available shares. Long holds are going to really going to capitalize in the nect 30 days or so in my opinion. Oh well I think differently than most penny traders. Happy Trading GB