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To: David who wrote (8338)	5/14/1998 6:14:00 PM
From: Miguel M. de la O	Read Replies (1) \| Respond to of 26039

Should we be concerned that EPS was -.03? What was the estimate? Why the high A/Rs compared to 1st qtr last year? Inventory is also up.

To: David who wrote (8338)	5/14/1998 6:57:00 PM
From: steve	Respond to of 26039

David, Seems to me that the story was the same as last quarter (minus the earnings) when the stock was above 10 bucks. Looks like Asia is taking the biggest hit. Revenues are increasing, The backlog has increased (is this due to the slipped contracts?), and BAT is being incorporated into the smart card arena. I can understand the Asia portion of the decline, but the company is still selling product without Asia. And like you said, Sylvan has been added to the story and I've noticed a bit more talk about Oracle on the searches I've been on... "Revenues for the three and nine month periods ended March 31, 1998 were $19,002,000 and $57,605,000, respectively, compared to $12,265,000 and $35,930,000 for the same periods in the prior fiscal year. For the three and nine month periods ended March 31, 1998 the increase in revenues of 55% and 60% is due to increases in both the Company's net product revenues and services revenues. The Company's net product revenues were $7,695,000 and $24,691,000 for the three and nine month periods ended March 31, 1998, respectively, compared to $5,698,000 and $18,372,000 for the same periods in the prior fiscal year. For the three and nine month periods ended March 31, 1998, the increases in net product revenues of 35% and 34% were due to increased shipments of the Company's biometric imaging product group, mainly the TouchPrint 600 product line. In addition, increased sales of the TouchPrint 600 product line have generated additional revenues from maintenance support agreements and related customer support." steve