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Technology Stocks : Elamex(ELAMF) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (205)	7/15/1998 1:22:00 PM
From: Carianna	Respond to of 276

Anyone know who bought the 970K shares yesterday? Was this GE? Or Elamex buying back shares to stock up for later GE purchase option? -Carianna

To: Ron Bower who wrote (205)	7/16/1998 10:57:00 AM
From: David Seltzer	Read Replies (2) \| Respond to of 276

Ron, I spoke to Carlos Martens yesterday.I think that the joint venture with GE could lead to dramatic increases in revenues over the next 12 months($10 million is just the starting figure).Also,the second quarter's eps should be at least $.12.The $.12 includes a R&D writeoff of $.08 a share for Optimag.It is encouraging to see 1/3 of the public float turnover in less than 1 week,and have the stock price increase. David