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


To: Caroline and Daughters who wrote (8347)5/15/1998 12:25:00 AM
From: Ridemhigher  Respond to of 26039
 
Caroline,
I too used to own Calgene and in a way the companies are similar. They were both the leaders in there fields with a new and innovative product. They were both run by their founder who happened to be a non-manager. However, the thing that killed Calgene's stock was that they were losing money and constantly issuing more stock to pay for their everyday operations. IDX is making money. They have not issued any significant additional shares for many years. Press releases DO mean diddly to stocks. You can find examples of that every day. The investment community wants to know what is going on in the company. You must get the word out to the street. This company is not doing that. Eventually, sales and cash will drive this stock higher. I just hope that it happens sooner rather than later.