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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (4018)	7/22/1998 11:35:00 AM
From: bob sims	Read Replies (1) \| Respond to of 9440

Ga, ROFL ******************************************************************** Photonics Corporation dba DTC Data Technology develops, designs and markets a broad range of EIDE, I/O and SCSI controller cards and host adapters. ******************************************************************** Bob

To: Ga Bard who wrote (4018)	7/22/1998 12:35:00 PM
From: greg Benfield	Read Replies (2) \| Respond to of 9440

Ga Bard: I did some DD on BYWD and here is what I have come up with so far. They had approximately $754,862.00 in revenue in the 1st qtr, all but $74 was from one customer( in China) and they can no longer do business(multilevel marketing) in China due to recent changes in China's laws. They have tried to move into new markets..but I do not see sales approaching the $754,862 in quite some time. They also sell a product that is supplied by one or two suppliers. (They have two but only used one in the 1st quarter) The CEO was out but I will call again tomorrow. They have approximated $.04 EPS for the year even though the company lost its only real client..IMO I see no earnings for the year...the price of $.04 to $.06 had the Chinese deal factored in. IMO the second quarter will be close to disastrous. There is a question in how much of the assets are in forms of accounts receivables for products the Chinese guy can longer sell. Also, he now owns a huge stake in a company he cannot have dealings with. This might have some long term potential...but short term financials look bleak. I will have a better understanding after consulting their CEO..but I do not know how they can replace their only client so quickly. Again this is my version of the information I have read. Other than info taken from financial statements, the statements above are my opinion only.