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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Hockeyfan who wrote (9577)	7/27/1998 12:42:00 PM
From: David	Read Replies (3) \| Respond to of 26039

J.: The 10Q from last quarter indicated income of $19 million and expenses of $19.88 million. $717,000 of that were restructuring expenses that were supposed to drop quarterly overhead about $250,000 on an ongoing basis. On the income side, IDX reported $7.7 in product revenues (i.e., hardware mostly) and $10.94 million from ANADAC (GSA sales plus construction). Salomon sounds very specific. Fixed costs can be assumed to be in the range of $19.88 million less ($717,000 + $250,000) or about $18.9 million, if expenses are flat. That means $20.3 million revenues less $18.9 million expenses equates to a gross $1.4 million profit on 25.2 million shares. That would come out to over five cents per share before taxes, extraordinary expenses, etc., and is significantly subject to margins of error on expenses and revenues. I find the revenue estimate most interesting. It seems a bit low, and that implies to me that there are a lot of sales going on that will be recognized next quarter, particularly to the INS. If IDX has really gotten good control of its expenses (maybe thanks to its management imports), we are definitely looking at a breakout quarter next report. It may be an exciting conference call. The Real David, of course PS -- I am unhappy to report that private negotiations between Davids have broken down, perhaps irretrievably. The unreal David is not willing to change his signoff, and I am tired of qualifying myself. Now, I may have considered a qualifier had not my so-called "friends" on this thread (you know who you are, Brad and Buck) been so unsympathetic to my dilemma. Further, I noticed that J. Saf did not change his name when NRID took it. So I will continue to post as I had in the past, before the recent im-poster arrived, and you will all have to sort it out. Sometimes tough love is the best. David