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Technology Stocks : Vicon Industries ( VII ) -- Ignore unavailable to you. Want to Upgrade?

To: unregmarket who wrote (32)	2/25/1998 12:24:00 PM
From: Hank	Read Replies (1) \| Respond to of 118

I only know what you know. The news release only mentions VII. I would guess the proceeds will be used for further expansion but you would have to call and get a copy of the prospectus to find out for sure. I've seen companies that were doing very very well absorb secondary offerings without any serious lasting impact on their stock price. So, this may not be all that bad- except for today, of course. I'm going to call one of the contacts and see if I can find out when the shares will be offered and at what price. In the meantime, I'll hold since the price is likely to rebound after today- even if only temporarily. Hank

To: unregmarket who wrote (32)	2/25/1998 12:28:00 PM
From: Tim Oliver	Respond to of 118

A few directors selling, no big deal. No info. given on corporate use, maybe they just think the stock is overvalued and want to take advantage. Stock shares to increase by 50%? That'll cause a little dilution, don't you think? With the added dilution and all the tax breaks they've had, no wonder the stock value looked too good to be true. It probably was. If they hadn't screwed around with an offering, I think the stock would have made it to a $14-16 trading range possibly, but no way now unless they're keeping some secrets that they haven't revealed yet. I think they're probably hoping to get $10-11 a share in the offering. That's still 50% better than just a few months ago. Any other W.A. guesses?