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Microcap & Penny Stocks : Autotote Corp (TTE) --- Computerized wagering equipment -- Ignore unavailable to you. Want to Upgrade?

To: joe z who wrote (73)	11/2/1998 8:19:00 AM
From: Dawgfool	Read Replies (1) \| Respond to of 124

If they started shipping to Italy a month or more ago, I think they have a mildly positive revenue and NIAT report. If the structure of the contract with Italy reflected a payment associated with meeting terminal parameters as well. I think could be very positive on both. However, if shipments didn't start until mid Oct and no performance clause tied to meeting specs, might not be positive at all. Since Italian contract did specify some underwriting of development expense which I would expect to have some payment attached to meeting specs, I expect good qtr this time. Next qtr will be good either way.