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To: orkrious who wrote (1924)	1/12/1999 9:13:00 AM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 2946

I am looking at the 1-1-99, Summary of Advices and Index - The Value Line Investment Survey - Expanded Edition, page 38 - under "Bargain Basement Stocks". It refers to page no. 4265 (of the value line stock sheets) for SVGI. The following data are depicted for SVGI. Percent Price to net working capital - 83 % (at a trading price of $ 11) Current P/E ratio - 57.9 (at a trading price of $ 11) Percent Price to Book Value - 61 % (at a trading price of $ 11) Performance and Safety Rank - 4,4 (not good! - at the bottom tier!) Beta - 1.3 Thus the book value is 11 /0.61 = $ 18.03, which is about right. This is pretty recent and Value Line is fairly trustworthy for data. They are conservative and are not the best place for aggressive stock picking! Things will turn around for SVGI after summer 1999. But it is for sure a bargain basement stock!

To: orkrious who wrote (1924)	1/12/1999 9:35:00 AM
From: Ian@SI	Read Replies (1) \| Respond to of 2946

Jay, If I remember correctly, building the optics system associated with the Micrascan is one of the most time consuming processes in making scanners. I believe that SVGI has continued to build these components which should permit them to rapidly deliver product to customers once the orders resume. If this is where the inventory is, then I would expect it to be almost as good as cash. Note that "rapid" is a relative term. Ian.