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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV -- Ignore unavailable to you. Want to Upgrade?

To: Phillip Kelly who wrote (1163)	9/15/1998 11:51:00 AM
From: Karl Drobnic	Read Replies (1) \| Respond to of 1319

It is always disappointing when a company grows by financing activities vs. growing by making sales. The press release alludes to a lively business underlying the financing, but so far, we haven't seen it. We went through this with the last round of Scorpion financing. The good thing is that the preferred is redeemable. If ACRO makes money, it can buy back the preferred. ACRO did buy back a pfd. it issued prior to the warrant conversion, and the CEO dislikes dilution as much as anybody. But above all, we need to see sales climb above $4 mil./qtr. and improve from there.