From a poster on another board who listened to CC:
By: mechgator
02 Apr 2007, 05:56 PM EDT
Msg. 11599 of 11605
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re: the conference call
From listening to the conference call, I also did not get the impression at all that 2007 will be bad, as many here seem to imply.
As you all know, Irv and the management, have historically been quite matter-of-factly and even conservative in the overall assessment.
He even stated that he himself does not even know what the actual final sales # for Q1 is gonna be since it just closed on Friday.
Irv repeatedly stated that this is a capital goods company, which translates into a potentially bumpy sales curve.
Looking for another IR firm to replace Kawoski (spelling). Finding a replacement is a prority
To be eligible for AMEX application, share has to be above $3 for 30 days. So at this stage, the company is not eligible yet.
Currently working with Umass/Lowell on three separate projects, although 'promising', it is still quite 'speculative' (I am quoting the words from Irv himself)
at this stage whether these will translate into successful ventures.
My take,
Overall, not a lot of positive news were reported, this added to the dissappointment of a missed quarter (altough fully explained by the management) and the reported
fact that Pfizer had unloaded its stake, contributed to the overall gloominess. IMHO the fact that Pfizer unloaded its stake (until Feb 07) should be a positive, which removed
a large overhang out of the stock (again words from Irv). I agree that the stock my not move much for a few months, but at this stage, a lot of bad news have already been priced into
the shares. While I am very dissappointed as everyone here, I will continue to add to my position. The story of this company is yet to be told.
(note: many of the longs had for a long time trumpeted the fact that Pfizer, had owned the said stake, which I always thought to be neutral or even slightly negative given the non-strategic
nature of its involvement. Irv himself stated today that Pfizer merely had its MFIC has an entry on its book, and never tried to contact the mgt about its intention about its stale)
Send stock manipulators to: enforcement@sec.gov-and to jail.
