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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: steve who wrote (6692)	2/14/1998 2:59:00 PM
From: Hockeyfan	Read Replies (2) \| Respond to of 26039

Looks like DBII is giving their machines away - >>Overall gross margins for the three months ended December 31, 1997 were 20% as compared with 30% of sales for the same prior-year period. Gross margins on identification system sales were 15% for the three months ended December 31, 1997 compared with 47% in the same prior-year period. This decrease is due to low production volume in the three-month period ended December 31, 1997, higher levels of warranty and installation accruals than in the prior-year period, and an unfavorable product mix impact. << Low production volume, high warranty accruals. I guess we now know how DBII won the Indiana contract. DBII is resorting to 15% to 20% gross margins to compete against our TP600. This bodes well for future sales.