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

To: E who wrote (8008)	1/27/1998 3:24:00 PM
From: Pierre Panet-Raymond	Respond to of 11098

JM, as I have always stated, PRST's financials are out of sync both with its market cap, and the fundamentals as I understand them. Plate sales have never approached what they should have been if the installed base was as high as Heidelberg says it is. Therefore their are only two conclusions one can reach;installs are far lower than Heidelberg has stated or each press is consuming a fraction of the plates forecasted. Take your pick. My information from DI owners, competitors, suppliers and other industry observers is that the installed base globally is about 350-400 max. Heidelberg and PRST both monitor this site, so if that is incorrect they have a forum in which to correct this number. As far as predicting the share price, one of the wisest pieces of advice I heard years ago was never to predict both price and a date at the same time. All I will say at this stage is that $10 is still too much to pay for the company given the rapid pace of change within the industry and hence the high degree of uncertainty surrounding PRST in particular. Technically the charts would suggest that no real support should exist until 10-12 should the stock break through 20 on the downside.