Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: drakes353 who wrote (29033)	6/29/1998 5:47:00 PM
From: Alan Edgett	Read Replies (2) \| Respond to of 33268

Drakes-- While I sincerely respect your short advice and know you are legit, i have to disagree with your assessment with SCON, particularly since i entered well over a year ago at $3 (it helps). Their cash position (as far as i know) sits at a little over $3M, which is also their ANNUAL burn rate in prior years with no commercial revenues, so i don't see them running out of cash in three months. Further, they have a viable product in a booming industry that is only a little premature (12-18 months? to fruition). They're gov contracts though declining from year ago levels will in no way fall below $6M which is significant enough to keep burn rate of above. They have NO debt and sales are maturing, so if needed cash could be obtained without dilution if sales progress to 500k-1m a quarter by early next year. I'm not sure I 'd buy at $6 1/4, but unless you are into $1-2 dollars for a short move (I don't make these types of trades), there's little chance we'll see $3 if this "sale" is installed as billed. Recall, there's 14 trials currently underway, this is the second order from a seperate company and at $40k per unit = roughly $640,000 in commercial revenues isn't shabby for the sales department (certainlyone of these a quarter will ensure resources for the near-term). Nevertheless, I'd be interested to hear your side...shall we retire to the SCON thread? edge