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

To: Night Writer who wrote (7522)	4/2/1998 6:11:00 PM
From: David	Respond to of 26039

Delays and writeoffs . . . . It's not very surprising to me that IDX is taking one-time writeoffs, given its recent acquisition history. When you are buying up a new small company about once a year, you are likely to write off some inventory or consolidate offices, etc. These are just digestion pains. As to the delays . . . I have not been in the stock all that long, but I don't seem to have seen too much of this. I see it more in another small-cap I own; I think the comparatively lumpy cash flow of the smaller companies lends a greater visibility to individual orders. You can also see greater earnings surprises upwards, quarter to quarter, in these smaller companies. As to Rob's concern about cash hitting the bottom line, I think that companies in this phase of their growth cycle are (and should be) reinvesting like crazy, especially if they are in the tech area. Nonetheless, I am pretty sure management here did not expect to report a loss, and would not have planned the "one-time charge" if they knew they would have an order delay. Clearly, the company is generating the lion's share of its revenues from TP-600 sales, and losing money on F3 development, Oracle efforts (which still don't look that good -- come to think of it, maybe it was that Australian 5000 seat deal that hasn't come through, besides Cook County), and other BAT, software-related matters that will emerge over the next year or so. We are also seeing a high number of startups making major league claims. Some of these are not very honest companies. IDID and EOSC come to mind immediately, and we have our suspicions about a couple of others. That tends to raise the static level in this sector. In the past couple of weeks, IDX has announced Sylvan/NASD and Turkey, as well as the latest preannouncement. To me, the recent good news has outweighed the bad news, yet the stock has dropped. Sometimes you are handed opportunities, even if you aren't in the mood for them.

To: Night Writer who wrote (7522)	4/2/1998 7:45:00 PM
From: jean	Read Replies (1) \| Respond to of 26039

Night Writer... We probably share some thoughts in common but not all. Like you, I'm really po'd about today's dog and pony show. A really bad performance!! Nevertheless, I still believe that IDX is a good LONG term investment. But, then, that has been my position all along. I don't day trade, and I rarely look for the a quick profit (PLC excepted, Rob). I was serious about doubling my position today. If I'm wrong, so be it. Won't be the first time and it won't be the last. In the meantime, I'm willing to wait for the dust to settle. Let's check in with one another in December and see whether or not we had to have the fire sale. The loser owes the winner a cyber bottle of champagne. Is the bet on?? Cheers - Jean

To: Night Writer who wrote (7522)	4/2/1998 7:46:00 PM
From: stephen spenard	Read Replies (2) \| Respond to of 26039

NW, I have to agree totally about the writoffs.Streamlining operations for a company with a few hundred employees?BAT...a development stage company with 1 office(i assume)...is this type of acquistion hard to get under the corporate umbrella?It does seem to me IDX management uses these writeoffs(reorgs,legal expenses,etc)to cover for their own ineptness at running the company.When's the last time that they didn't announce a writeoff for something?Who cares if you have a great product if you can't make any profit selling it? Time for a management shakeup.I don't think Fowler has the management skills to take the company to the big time..if it ever gets there. I've been sitting on this dead stock for 2+ years and have no profit yet and might never.Have a nice paper loss though.Thanks Randy.Will your company ever make some decent profit?I have no choice but to hold now...either I lose everything or IDX makes me some $$$$$$$$. Long and thinking bad thoughts right now. S Hey bg...see you in virtual Cabo...maybe 1999 will be the year for Cabo...with NRID stock lol just kidding even though I own 1000 NRID shares.