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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (5447)	5/20/1998 12:46:00 PM
From: DiViT	Read Replies (1) \| Respond to of 6297

#3... ... InnovaCom, Inc. filed its annual report on Form 10-KSB with the United States Securities and Exchange Commission on April 15, 1998. Included in that report were the Company's December 31, 1997, financial statements. Subsequent to the issuance of those financial statements, the Company re-evaluated the accounting for the acquisition of Sierra Vista which occurred in May 1997. As a result, the Copmany has increased the total purchase price relative to the acquisition of Sierra Vista by $1,090,452 which amount was allocated to goodwill. The goodwill is being amortized over the three year period subsequent to the acquisition on a straight line basis. Accordingly, these financial statements have been restated to reflect the addition of the above-mentioned goodwill with a corresponding decrease in stockholders' (deficit), as well as recognizing $242,323 of amortization expense for the year ended December 31, 1997. The additional amortization expense increased net loss per basic and diluted share by $0.01.

To: Peter V who wrote (5447)	5/20/1998 2:33:00 PM
From: hman	Read Replies (1) \| Respond to of 6297

The issues with this stock that have always bothered me from the beginning of my brief acquaintance with it are: 1. Every acquisition/partnership arrangement seems to have Koz participating on both sides. 2. There is an abnormal amount of litigation going on at Innovacom. 3. The management seem to be over compensated (salary and other perqs) for a company going through its development phase. Especially as CASH FLOW seems to be one of the critical issues here. However, I am still nervously holding pat. hman