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Technology Stocks : Irvine Sensors -- Ignore unavailable to you. Want to Upgrade?

To: Tim Waldron who wrote (635)	3/18/1998 1:51:00 PM
From: Daryl Smith	Read Replies (1) \| Respond to of 1673

You guys don't seem to understand about these government contracts. There is no way to make a decent profit. Both the Lockheed deal and the Boeing deal are effectively government contracts which cap your profit at 10% and that's when everything goes right. Nothing is paid for on the Boeing deal. They announced a signed contract for 1.5, But that only means the bill monthly actual expenses and get reimbursed with a very thin profit margins. When they spend the 1.5 they are expecting an increase to 2.5 then that's it. The MAXIMUM profit potential is $0.01 per share.