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

To: JFD who wrote (8033)	1/28/1998 5:00:00 PM
From: Pierre Panet-Raymond	Read Replies (1) \| Respond to of 11098

No because there is no guidance from the company and I have no idea what the auditors might do in terms of reserves, given the QM-DI situation with Heidelberg. All I know, or rather should say believe, is that if the auditors don't make the company take some reserves, this will be the last positve Q for a long time. I predict substantial losses for Q's 2 and 3 at the very least. My guess 15-20 cents per share losses from operations before extraordinary items. Q4 last year was 7 cents and I can't fathom how the company could achieve 14 cents this year, hence the string of doubling year over year will be over. But Q4 is meaningless imo because there has been a dramatic change in the fundamentals and investors are only looking to the future, a very cloudy and uncertain future at this stage. There may be rays of brightness out there but they are a long way off imo.