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

To: Brent who wrote (9868)	8/20/1998 6:44:00 PM
From: Ms. X	Respond to of 11098

Presstek technically. Looking at the P&F chart, Presstek is still trading below it's bearish resistance line and the RS is still negative. The recent move has given it one buy signal after finding support at 7.5. Next area of resistance is 14.5 with 15 being the next buy signal. What am I saying here? While a stock is trading below the trend line and relative to the market it is weak, it is a risky play. The sector is negative too, but low. Hopefully, Presstek continues to make higher bottoms and buy signals. Good luck to all. Jan I am

To: Brent who wrote (9868)	8/20/1998 10:10:00 PM
From: SG	Read Replies (3) \| Respond to of 11098

Brent, I think your estimates are just fine. I do believe the margins could and should improve unless they continue pouring money into R&D and facility expansion. This is very likely given the fact that about half of the 200+ employees are in R&D. This is critical to the long term of any technology based film and equipment manufacturer. The expansion of the second building or phase 2 of 3 at the Hudson facility is very real.The potential for revenue to double next year is also very real. I am still some what amazed by the amount of cash on hand (24 million) from a company that only shows 2 cents of earnings last Q. This is not the sign of an unhealthy company, in fact it is very bullish. You say regarding your scenario of growth, "Now all of this goes out the window if Cabot could get the hype machine rolling again, which I doubt could happen twice on the same stock.". I agree that this is not likely but any thing can happen and you know that Cabot alone did not cause the run up to 100. This is a large free market and most do not belong to the Cabot crew. If all or most of the "deals and or products" in the pipeline that we know about (many we do not, like what is PRST and Fuji building with these engineering fees) would happen by luck, good fortune or smart business planning (you choose) then hold on. I am going to continue your what if game on the upside. Given my long position it may not come as a shock that I would see all of these as a given. The fact is that all of the following are not just dreams but a continuation of very real potential. What if they announce a new press with Fuji. Is it still a $12 stock. What if Creo can't handle the huge task of taking their lasers across the entire surface of a working press plate and Heidelberg turns to PRST for that technology. What if Creo does pull it off and Heidelberg is forced to pay for said DI use. (every other DI press in the world is) What if the next generation laser proves to be useful in multiple other imaging uses including the medical field. What if the PEARLgold is accepted as the best and maybe only true process free thermal plate. What if the Alcoa deal heats up and the demand for the imaging systems and the plates takes off. What if Battelle/PRST spins off into a complete separate company. I believe these are what ifs that are not included in your very fair and reasonable scenario. Given the success of PRST and its technology in a slow to change industry I believe that many if not all of these will come to fruition. Will it still be a $16 stock. I think not. As always, in my opinion SG