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

To: Buck who wrote (10361)	9/16/1998 11:07:00 PM
From: BuzzVA	Read Replies (1) \| Respond to of 26039

Only bad one I saw was the big increase in A/R. And maybe a large percentage of their biz still locked to Government coffers. Wall Street has never really liked those two scenarios.

To: Buck who wrote (10361)	9/16/1998 11:15:00 PM
From: steve	Read Replies (2) \| Respond to of 26039

TO ALL!!!!!! Is this us??? infoseek.com steve ps, Buck, I just glanced the report and didn't notice Fujitsu's name in there... Are we still friends with them?

To: Buck who wrote (10361)	9/17/1998 12:30:00 AM
From: David	Respond to of 26039

First impressions off the 10-K . . . I've been spending some time this evening with the 10-K and my calculator, and being surprised at some of the results. I will give an explanation tomorrow (it's about bedtime here), but here are my conclusions: The AFIS market is considerably smaller than I thought it was. However, IDX really jumped in domestic, non-bio-ID hardware sales last year. Here's my rough breakdown of 1998 IDX revenue lines (my categories, not theirs), with prior year figure in parentheses. All amounts are in millions of dollars: TP-600 and other domestic non-bio-ID hardware: $32.4M ($18.5M) Bio-ID (from IDX 10-K): $6.4M ($8.2M) ANADAC non-biometrics: $27.9M ($24.8M) Pass-through ANADAC sales: $11.6M (None) Fingerprint services: $1.1M ($1M est.) Another point, one I've made before: The dramatic reduction in overhead of sales & marketing and general & administrative from 29% in FY97 to 22% in FY98 is almost entirely attributable to GSA sale figures from ANADAC. Without them, I estimate the 29% would have dropped to only 27.6%, combined, or a trace better. See you tomorrow.