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Technology Stocks : Elamex(ELAMF) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Massey who wrote (246)	2/12/1999 9:27:00 AM
From: David Seltzer	Read Replies (1) \| Respond to of 276

Mike,Q4 results better than I expected.Sales $39.1 with eps at $.28.The company repurchased 479,900 shares at $4.25.Book value is now $8.60 based on 6,866,100 shares outstanding(as of 12/31).In addition,3 optimag machines are undergoing beta tests at 3 OEM's.The replay CC# is 719-457-2661,confirm # 605891(after 4 pm est). The company is now selling at 20% of annual sales,less than 50% of book value,with no long term debt.In addition,the GE joint venture should start ramping-up. Obviously,the stock is undervalued.Sooner or later someone is going to wake-up. David