To: Jonathan S. Thompson who wrote (81 ) 5/29/1998 10:22:00 PM From: Master (Hijacked) Read Replies (1) | Respond to of 698
Those @!*%^ shorts did it again today! Well more good news is on the slate for Monday regarding IBM I'm told, so the shorters will have 2 days to think it over this weekend and come up with a game plan to cover. The LGPT CEO definitely has a plan to squeeze the shorts, and their actions Thursday and today show they are are on the run and trying any and all means to avoid a big pop- the float is only 3.5 million and was heavily absorbed due to the 2 news releases this week so they can't run much further. Heres a report on LGPT I found at the "SmallCap Review" : Log Point Technologies, Inc. Exchange: OTC Bulletin Board Ticker : LGPT Shares Outstanding: 10.6 million Est. Public Float: 3.6 million Stats " *1998 Est. Price to Sales 0.33 " *1998 Est. P/E 2.50 " *1998 Est. EPS $.75 " *1998 Est. Sales $25,000,000 Log Point Technology can make equipment run from 2 to 1000 times faster and increase accuracy in the process. "..systems designers now have the best of both worlds, benefiting from the industry's lowest cost-intergrated 486 and Log Point's expertise in high-performance software.." Joe Montalbo, dir. of National Semiconductor's Integrated Processor units. In March of 1998 Andersen Consulting, Inc. in their Equity Research Report comments: "We estimate its ("LGPT") upside potential at over 800% for the next 12 months based upon the valuation analysis of LGPT relative to four other public companies in the micro processor computer industry." The report goes on to say: "The fundamental value of LGPT is currently estimated to be $15.00 based upon earnings estimates of $.75 a share. " *as reported March 1998 Andersen Consulting, Inc. Equity Research Report The Industry A half century search for increased performance continues to push computer manufacturers to R&D directed at higher-speed, lower-cost calculations. High speed calculation has evolved from slide rules, to adding machines, to hand held calculators, and to modern high speed microcircuit computer calculations. Today's processor solutions continue to be characterize as too slow ,too expensive or both. The huge and rapidly growing electronics equipment market is still searching for a lower cost, higher performance, easier to implement and more flexible answer. With an average growth rate of 13%, this market reached over $900 billion in 1997. Growth has continued and is rapidly increasing. The Company Formed to create a major revolution in commercial numerical computation by applying its breakthrough patented technology at fundamental levels across huge markets of the software and digital electronics industries. The Company's Technological developments constitute one of the more important genuine breakthroughs in basic computational technology in more than 50 years. This technology is the fuel that the electronics equipment industry runs on. The Company's technology has applications in virtually all aspects of digital electronics chips and equipment, including computers. The company has exclusive rights on comprehensive patents on their technology. Their marketing efforts are centered on developing joint marketing and sales efforts with microprocessor manufacturers and compiler vendors, in an effort to leverage each others capabilities and to increase product sales. As of this point National Semiconductor, Intel, Motorola, Hitachi, Siemens and Fujitsu are actively joint marketing with LGPT. In Fujitsu's promotional literature, they comment about Log Point's technology stating.... "provides significant reductions in embedded systems development time and much faster computational speed than conventional floating point software." Many other major players have expressed an interest in working with the company. Microsoft recently invited the Company to give a presentation to a group of their senior management. Microsoft showed great interest in Log Point technology as a possible solution to enhance the performance of the handheld PC's market.