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

To: Richard Newton who wrote (7484)	4/2/1998 8:59:00 AM
From: marvin smith	Read Replies (2) \| Respond to of 26039

ok guys is this drop today going to be a good time to buy or not. Marvin

To: Richard Newton who wrote (7484)	4/2/1998 9:30:00 AM
From: Hockeyfan	Read Replies (1) \| Respond to of 26039

Poor April Fool's Day Joke? I wish that it was. Going from a 4 to 6 cent gain to a 1 to 3 cent loss is a complete blow of the quarter by $1.25 to $2.25 million. Business is good. Everyone is busy -- busy losing money. Thoughts and observations- 1) Most companies take their clean up charges in the 4th quarter so analysts can quickly get by the charges and concentrate on the next year. Hopefully, this clears the way for a great 4th quarter. 2) What 2 sizeable orders? Have these been announced yet? I think IDX needs a special line item for "Orders that were supposed to ship last quarter that finally shipped this quarter, really, they did" so we can keep track of all these delayed orders to see if we ever actually get them. 3) This pre-announcement indicates that Randy is taking more time to keep in touch with and provide more guidance to analysts and shareholders, even though this announcement is extremely vague regarding: - the size and type of the contracts moved into 4Q or whether these contracts have already been announced - the amount of annual expenses removed through the streamlining process - whether or not the "low gross margins associated with certain sales to new markets during the quarter" are temporary - whether the company has instituted a forward purchase program to safeguard against taking a bath on international contracts do to currency devaluations 4) We need a phenomenal 4Q to make FY98 look good. One of these days the carryover orders need to get shipped along with the regular orders which get shipped out on time to bring a double-up quarter. I hope that day arrives before Wimpy repays the hamburger he got today. Although I think we are in for some bumps, I also think that the Card Tech Secure Tech Show and the Computer Associates Expo at the end of April will bring some sort of positive announcements from the company. We also have the INS contract announcement that must come someday - hopefully this quarter. Randy is going to face some tough questions at the conference call this month.

To: Richard Newton who wrote (7484)	4/2/1998 12:02:00 PM
From: David	Read Replies (1) \| Respond to of 26039

3Q announcement . . . . Obviously, bad news here, although I am not fazed by the one-time charges. It is the other stuff that has caused the problem. My guess is that Cook County is one of the two large orders delayed until next quarter -- it's been announced as in the bag, and it hasn't booked. I don't think IDX could be referring to the INS here (or any others in that category), since there's no sign of a contract award there. The lower margin reference re: new markets could be Asia -- we were wondering how an Indonesian sale could go through given the drastic devaluation of that currency -- or it could be some BAT activity finally showing up as revenues. We'll have to see. I expect we will see continuing strength in base TP-600 sales, especially off the GSA schedule. Where else is a year to year revenue increase going to come from? But I wouldn't be surprised to see a quarter to quarter revenue slip due to those two missing orders. If I had extra money, I'd be a buyer here, since the basic good story has not changed at all, although the stock price has dropped significantly.