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Technology Stocks : ATC Communications ATCT -- Ignore unavailable to you. Want to Upgrade?

To: JimieA who wrote (2567)	5/31/1998 10:47:00 PM
From: Northern Marlin	Read Replies (1) \| Respond to of 2636

Jim, Thanks for taking the time to post your comments. I have not finished reading the whole S-4 yet, but two things really shocked me: First, I was sure that it was stated on previous conference calls that IQI was profitable. I don't remember someone qualifying that they had operating profit, but no net income because of interest payments. Second, the debt load that the merged company will have is staggering! I will grant that it appears that IQI is closer to profitability after the 3/31/98 quarter than at the end of 12/31/97, and maybe they are going to be profitable for the 6/30/98 quarter. But I was still very disappointed to learn that they do not have net income. Regarding the debt load the S-4 states that if the merger is approved the new company has secured new financing. But I'm also wondering if there might be a stock offering down the road with the number of authorized shares jumping to 100 million. I'm going to wait until I get some answers from Scott Guffey at ATCT before I make a decision on how I'll vote my shares, but right now I don't see how the merger benefits me as a shareholder. Phil