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Technology Stocks : Presstek -- Stock of the Decade?? -- Ignore unavailable to you. Want to Upgrade?

To: SG who wrote (9825)	8/18/1998 12:07:00 PM
From: SG	Read Replies (1) \| Respond to of 11098

This contract is about Flat Panel Displays and or computer monitors. Lets look at some bits and pieces of information and compare them with the new contract with Southwall. From Southwall's 10-Q, "primarily at the Company's new Tempe, Arizona facility, which resulted in low yields on anti-reflective film for computer monitors." and " Company's new Tempe, Arizona facility experiencing process problems in April 1998 which resulted in lower yields and throughput on anti-reflective film for computer monitors. " Also..."The increased expenses were primarily attributable to higher new product development costs associated with film for electronic display products and the development of new deposition technology.". This from the news release from the PRST, "Based in Tucson, Arizona, Delta V Technologies, Inc. develops processes, materials and equipment for vacuum coating applications. Its equipment and process innovations are used in a broad range of industries and applications including graphic arts, capacitors, electronics, optics, architectural and decorative glass, flat panel displays". I can't even begin to imagine the kind of on-going revenue stream that is associated with this contract. License agreements, equipment maintenance and more. What kind of products and development is going to take place when PRST combines this technology with Battelle's and they start to market these concepts to the waiting world. I am very comfortable in my long position with PRST. Good luck to each and all SG

To: SG who wrote (9825)	8/18/1998 2:30:00 PM
From: GVTucker	Read Replies (3) \| Respond to of 11098

More important than your news that PRST signed a contract worth about fifteen cents a share in revenues is that the 10-Q was released. the most significant item was an increase in the liability, "Bilings in excess..." once again. This liability is now up to $7.6mm. PRST says that this liability is for both Delta V equipment and Fuji equipment. PRST apparently has recorded this revenue and income and has a cash outflow due over the next 6 months. On a positive note, PRST is now providing sufficient information to make projections for the next 6 months. These numbers appear to be consistent with those provided in the conference call. BTW, Scott, does it worry that Presstek appears to feel obligated to issue a press release about such a small contract?