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

To: Pierre Panet-Raymond who wrote (8001)	1/27/1998 11:59:00 AM
From: SG	Read Replies (1) \| Respond to of 11098

Pierre, I agree that those are big shoes (you said " Since Heidelberg represented 83% of PRST's revenues in Q# '97") but lets not make them any bigger than need be, this from the latest 10Q; Revenues generated under the Company's agreements with Heidelberger Druckmaschinen AG ("Heidelberg") and from Heidelberg distributors represented 79% and 75% of the Company's total revenues for the nine months ended September 27, 1997, and September 28, 1996, respectively. There is no way that there are 500 kits (1,000 shipped by PRST less the 500 per Kendig) sitting un-used and paid for. The other question is have they been paid for, if not then there is still significant upside for the coming Q's I feel that any reduction in orders from heidelberg will be offset by sales of consumables. Thats the rub, trying to figure out how many presses and how much they consume. When will the plate sales overshadow the hardware sales and when that happens I would not want to be short. The Pearl-Gold plates will not be tied to any one press or manufacturer and the favorable news in DOTPRINT.COM seems to believe in the products. Heidelberg is a public co. under the Frankfurt exchange, have they disclosed the number of installs or the dollar amount paid to PRST? Can this info be had? SG

To: Pierre Panet-Raymond who wrote (8001)	1/27/1998 2:37:00 PM
From: E	Read Replies (1) \| Respond to of 11098

You write: >At that same meeting Kendig also stated that there were 500 QM-DI's installed, but that number has never jived with PRST's plate sales numbers in their financials.< As I recall from the tapes, he said 500 installed, but also said that that number wasn't up to date so it could be more by the time of the meeting. Which itself was seven months or so ago. I'm surprised that you dismiss Heidelberg's information when you think it doesn't jibe with your reading of Presstek's financials. My impression was that Presstek's financials weren't impressive to you. Steve Andrew was bold enough to give his guess of where Presstek's share price would be in January of 1999 and January of 2000. Do you have an estimate you might be willing to share?