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To: Gary Smith who wrote (10460)	4/3/1998 2:14:00 PM
From: Billiam	Read Replies (2) \| Respond to of 27968

If you don't respond ... it will go away... Billiam - invested since Nov '97 @ .17 .19 .26 .37 .60 and trying for more...

To: Gary Smith who wrote (10460)	4/3/1998 7:47:00 PM
From: Little Engine	Respond to of 27968

<<<<LE, wrong again. Ira said ATXI had $4m in "hard assets" and "$1.6m in cash".>>>> He would certainly be wrong if he did. Read the December SEC filing. The $1 million in inventories breaks down about 40% raw materials, and 60% finished goods. I can't believe that hundreds of vacuums sold at once would fetch retail price. Big markdown. I'm wondering what the secondary market is for raw materials is as well. Capitalized software costs ($204,000) is apparently included in Ira's calculations. Hardly strikes me as hard asset.