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Technology Stocks : RRRR - ICC Technologies/Rare Medium -- Ignore unavailable to you. Want to Upgrade?

To: Larry Southam who wrote (733)	5/2/1998 2:14:00 AM
From: Abuckatatime	Read Replies (1) \| Respond to of 954

Larry - Skimmed the whole thing once, will give it another look. Nothing really surprising. I have quesitons regarding the offering(s) and the disposition of FreshAir, as do many shareholders. The "impractical to present now" financials should be available for viewing by the end of June. Meyers is in the drivers seat and appears to have the skills and energy to grow the business, as well as well as the financial incentive to make money for shareholders. Fresh Air is on the block. I sense an urgency to focus energies on capturing a good size share of the internet services market. Dispose of the air conditioning, raise some money, and put it to work growing the business. Zacks just posted that ICGN's q1 results should be released on 5/15. Consensus EPS estimate listed as "N/A". Janney Montgomery Scott has been providing the estimates over the last few years. It comes as no surprise to me that no number is posted. A loss, but how large? A hemorrhage? A minor bleed? Something in between? How's the run rate and backlog? Trying to predict quarterly results with any accuracy is about as easy as determining fair value for Fresh Air. Howard, Lawson and Company, an investment banking firm, took a stab at it earlier in the year prior to the restructuring and stated that "any indication of value premised on future operating results for each business would be speculative, fair market value could not be determined in either case within reasonable limits." The same may apply today. How much of today's stock price reflects the price/(cost!) of FreshAir. I've seen a few guesses on the net as to FAS's worth - from nothing to $25 mil. I'd say $50 mil, or 1x sales three years out. Higher? I wouldn't object. Laugh here if you must. Desiccant air conditioning will be in our future. Hopefully we can profit from its successful penetration of the HVAC industry. Legg Mason Wood Walker will advise and Rare Medium will separate itself from Fresh Air. Analyst coverage should increase. The company will become easier to evaluate. Hopefully increased exposure will bring money into the stock, enough to more than counter the effects of the forthcoming dilution, enough to handsomely reward investors for taking the risks, for betting on this internet company. Long Rare Medium and hopefully still long Fresh Air. Greg