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Technology Stocks : SLIC Semiconductor Laser Intl. -- Ignore unavailable to you. Want to Upgrade?

To: Theodore W. Konopelski who wrote (136)	5/16/1998 7:51:00 AM
From: Theodore W. Konopelski	Read Replies (1) \| Respond to of 174

The 10Q was filed at about 9:47 pm, Friday. freeedgar.com Below are a few items that caught my eye: "Sales for the three months ended March 31, 1998 were approximately $258,000, representing an increase of approximately 70% over the fourth quarter of 1997." "The Company has a sales order backlog of approximately $3,200,000 as of May 1, 1998 with requested customer delivery dates principally through the end of 1998. The Company has the production capacity to ship a substantial portion of this backlog in 1998." "The Company's cash and cash equivalents at March 31, 1998 were $836,687 as compared to $1,934,574 at December 31, 1997, a net decrease of $1,097,887 for the three months ended March 31, 1998." "The Company believes that on an operating basis it can achieve break even on monthly sales of approximately $400,000. The Company believes it will begin to achieve this level of sales at some point prior to the end of 1998." "...the Company has secured a binding commitment for private equity financing in the amount of $1,237,500 and intends to use the net proceeds of approximately $1,052,000 for working capital requirements. The commitment is required to be closed on or before June 15, 1998. In the event that revenue growth is not attained and/or the additional private equity financing is not obtained, the Company has the ability and intends to undertake actions to reduce operating expenses." I certainly didn't expect this based upon the press releases, January live teleconference and the Stock-Up report.