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Technology Stocks : Wegener -- Ignore unavailable to you. Want to Upgrade?

To: Don Hand who wrote (1604)	11/9/1998 8:16:00 PM
From: Cobra	Respond to of 2919

In other words, a whole lot to do about nothing and no one should be concerned about it. Right?

To: Don Hand who wrote (1604)	11/9/1998 8:29:00 PM
From: hookjock	Respond to of 2919

I spoke to the company today and here are some points: 1)10-k will be out in the next couple of days. 2)cash level is still high 3)they have reduced the debt and cut the cost of the borrowed funds. 4)Possibility of changing p.r firm(currently Desmond-Tewey) 5)Mr. Elliot's role is of a technical consultant who will try to convey to the company where the industry and technology is headed. Also possibility of opening some doors due to his well known reputation and expertise. 6)There are some new products as well as upgrades in the pipeline that may add to revenues in fiscal 99. Could not elaborate but would be logical to assume it is in the digital video arena. 7)Inventories have been reduced furthur but still not at optimum levels. There were furthr write-offs on 4th qtr. 8)In process of trying to get the stock more available thru market makers of established firms.Trying to do a better job of getting their story out to the analayst. Admitted that they need some analyst coverage. 9)said that a repurchase of company shares has been discussed but no deceision has been made. 10)Thought cash flow would be sufficiant to cover operations and they should not have to dip into cash to fund operations. 11)Profit margins remained steady even though competetion has been tough. Fox order will finish shipping in 3rd qtr but smaller follow up orders are possible. 12)Sale of Jacor should not be a problem and indeed may lead to more sales thru Clear channel. 13)When I asked about the preferred he said it would just be another tool for financing if they needed it but they have no immediate or specific plans to issue the shares if approved. When I asked about all that cash and available credit he stated that they have ample amounts of both but the board thought that if an opportunity arose the prefeered would be a better alternative than convertables. 14)When asked about the possibility of acqisitions or mergers he stated the company continues to look for any synergys but they are not actively shopping. 15)Foreign sales remain non existant but they are working on the situation. Smith has been working the sales team to achieve higher sales. 16) Backlog still a concern and qtr. to qtr. revenues and earnings will continue to depend on their ability to close sales.