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Message: RE: A Few Things.....Putnam

RE: A Few Things.....Putnam

posted on Dec 17, 2004 08:34AM
Just got off the phone with Putnam. Couldn`t get much out of him but he did say that they would announce a business update before the end of the Q. (Couldn`t even get him to commit to before Christmas.) Strictly by the book and nothing more.

Other little insights include they now have 25 employees. They will not have a booth at the CES but will attend and hold meetings. We are still working with Fusion & TGE but schedules and introductions are in their court. They are Super busy... at both companies (ATCO & EDIG)

I asked him a question about revenues being booked in this Q if an airline contract were signed at this point in the Q. He said that if they prepaid it would be recorded in this period even though delivery might be until next Quarter. I also said that it seemed likely that revenues would change since the last business update and he agreed with me....That doesn`t say much but it does indicate that there should be some improvement over the 2.2M booked 1/2 way thru.

Larry

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