Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : CHDX--US China Industrial Exchange -- Ignore unavailable to you. Want to Upgrade?

To: Barry Shore who wrote (32)	3/31/1998 6:17:00 PM
From: RONALD H. RUST	Respond to of 77

This is a good move. My guess is the stock will higher on this as it unfolds. ron

To: Barry Shore who wrote (32)	3/31/1998 8:37:00 PM
From: WWS	Read Replies (1) \| Respond to of 77

Barry, will take time later to digest more of the 10KSB. While revenues ($24 mm) were up slightly for FY1997 compared to previous year ($22 mm), profits were obviously down and negative. Part of the profit "hit" were start-up costs associated with opening of Beijing United (BU) which, due to its just recent opening, did not contribute revenue or earnings in 1997. While prospects of existing and new product lines are obviously promising, its largely cash-poor, slow pay customers appear to be a continuing problem (particularly so with equipment purchases). So, it appears that the company may have to rely on "pay in advance" consumables and operating revenues from BU (possibly a real "sleeper") next year. Speaking technically, I liked the way that shares today bounced strongly off their intraday low, and the moderate volume on the sell-off did not suggest desperate sellers. Bill.