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Technology Stocks : Equinox Systems (EQNX) -- Ignore unavailable to you. Want to Upgrade?

To: Dragon who wrote (521)	6/22/1998 3:07:00 PM
From: HeyRainier	Read Replies (1) \| Respond to of 765

I just spoke briefly with the CFO, Mark Kacer. My first impression was that he seemed a bit exhausted from incoming calls, perhaps unhappy with the recent turn of events as well. He explained the recent slowdown as being OEM related; sometimes they accelerate their orders, and sometimes they scale back. The company just got caught in this near term cycle of OEM order slowdowns. Was this slowdown going to be prolonged? As it said in the statement, it appears that management was optimistic that the second half would be seen with an improvement in orders. How about the share buyback program? The company was considering it at this point. How about the insider selling that happened so closely to the warning? Until the fourth quarter, a number of executives hadn't sold shares since the IPO. They thought their selling was within normal patterns; the timing was unfortunate with regard to the recent activity, as it sometimes happens with other companies. It just happened to them. How about the share price decline right before the warning? While he couldn't comment, he did say that no information had been received from the company prior to the warning. Do they expect legal action to be taken against them? They don't anticipate legal action to be taken against them. Their executives and directors are fully insured against such developments. I was actually the first one from all the phone calls today to mention the possibility of legal action (or was it about the possibility of insider trading?) Hope this helps. Regards, Rainier