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


To: Rob C. who wrote (7557)4/3/1998 2:36:00 PM
From: David  Read Replies (1) | Respond to of 26039
 
Rob, I think we already know what the answers will be on a few of your questions.

Sylvan -- machines have been put into 15+ locations already, will go to as many as 250 locations to service the NASD contract of 250,000 per year, with possibility of more. He'll be only too happy to repeat this information. Sale of Sylvan machines to the joint venture will show a big revenue increase.

INS -- The contract is out for bid. He can't say more. I'm sure IDX is confident of getting the deal, but there is no way he can say ahead of time it belongs to IDX. INS officials have indicated that the machine delivery will be soon, in the next few months. So I don't expect a long bidding process at all.

Oracle -- He won't want to answer this one, I'll bet. No announcements so far, the only leak being an Australian report of a 5000 seat deal to the Australian government.

My concern at the moment is IDX's capacity to produce enough TP-600's to satisfy the anticipated demand. If we have Sylvan (200+ machines), INS (400 machines), Cook County (100+ machines), and other probabilities, as alluded to in the preannouncement, all coming up at once, can they do it without delays?

By the way, re: Possible IDENT upgrade to TP-600's (practically speculative at this stage, but worth discussing). The Border Patrol has 158 IDENT sites along the Southwest border, according to a December 1997 GAO report. If this happens, I'd anticipate a problem with the INS agents being well trained enough to use the equipment.



To: Rob C. who wrote (7557)4/3/1998 9:00:00 PM
From: Ed Flynn  Read Replies (1) | Respond to of 26039
 
Rob,
I just got back into the country and was not aware of what was going on. I will spare everyone on this board the profanities that I have thrown at my computer, but just want to say that I agree with you completely on this company. I have have had a love-hate relationship with this stock for far too long and broke one of my most basic instincts, I invested in a company run by a Phd. Fowler needs to go. Identix needs a businessman to run the operations, not some head in the clouds rocket scientist who has no idea how to bring profits to the bottom line and increase shareholder value. I also believe that Scullion should have been advising Fowler to take acquisition related writeoffs upfront in the quarter of the acquisition. These guys do not belong in the positions they are in.

Way to go Fowler, you have convinced me that my lousy opinion of a Phd running a company was the correct one.

Ed "I can't afford to sell now" Flynn