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To: Silicon Trader who wrote (709)1/27/1998 10:57:00 PM
From: David W. Tucker  Respond to of 7701
 
I think G.E.'s assessment of the exchange rate between the VLT's and the U.S. clearly makes sense. The cost of playing the VLT's is not going to be constantly changed to equally valuate it with the U.S.. Why would LYMCA want to do this. They will pick a price and stick with it. We're always stuck with whatever exchage we get. It's all part of being involved with Venezuala, just as if you're doing business in any other country.

Sure, if they want to change the price, they can reprograms the chips, etc. But this won't be done to keep up with our profits or currency. LYMCA, or Venezuela, has probably already set the price for playing and it will stay at that (it's probably in the contract).

This is one reason why we need to get revenue data on the first VLT's. It's the only way to begin trying to figure out what our profits will be. It will be quite a challenge to figure this out.

Regardless, if we have 2000 machines going, we should show a profit.

***I hope something concrete is in the works here. If this quietness continues for several weeks, I can only see trouble for the stock.

dave