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To: Mr. Aloha who wrote (28047)5/15/1998 8:02:00 PM
From: Patrick Smith  Respond to of 30240
 
.....and I especially liked this.....

"The company also noted that as of March 31, 1998 there was an
outstanding balance of $0.1 million remaining from the approximately $15 million convertible debenture issue completed in August 1996. "

but this is a beauty....

" the company reported a net loss of $2.4 million, or $0.09 per share, on revenues of ($0.3) million."

Do you think they discovered that giving away software along with rebates might create..."negative revenues"?



To: Mr. Aloha who wrote (28047)5/15/1998 8:10:00 PM
From: Bill Evans  Read Replies (1) | Respond to of 30240
 
Its not the worst I've seen but it is terrible. 4 1/2 million in liabilities and 1/2 million in cash. I think I smell dilution coming. The cost of sales continues to be a joke. Unless the new products are able to be shipped and are major hits quickly, it will be back to the overseas loan sharks (REG.S).
I predicted -.10 EPS so I guess I should be surprised that they beat that, barely.


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