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

To: Elliot Puritz who wrote (3653)	5/17/1999 12:04:00 PM
From: jackhach	Read Replies (2) \| Respond to of 13797

To give some perspective as to what $4.0 million means to ALTS -- we must consider the recent cash burn rate; which was running at about $10,000 a day (now probably less) and drying up very, very fast. This cash infusion (all other be equal) effectively buys ALTS over a year's of operational/treasury cash. That is a very large step in respect to where we were just a few days ago. ALTS was quickly headed to insolvency... This does not speak to the fact that "wins" will know bring incrementally further cash going forward. They still retain 40% of UK operations and 100% of The America's. They merged with a company that has enormous technological appeal -- with specific brains in telecommunications, voice recognition, and financials (a huge market.) A concept being that (EB II) might be able to retrieve documents/drawings by digital-ID/bar code and voice request. This is not at all far-fetched and actually very doable. This is the beauty of having an engineer in charge -- instead of a smoozer. -JH