|
PRLX designs and fabricates products used in the interconnection of electronic equipment. Their products include flexible circuits, and circuit and cable assemblies for the computer, telecommunication, medical, aerospace and electronic markets. With their proprietary PALFlex, PALcore and U-Flex technologies they are an industry leader in their business. In spite of a major customer, TI, shutting down their notebook computer project and the loss of revenues from that contract, Parlex achieved record earnings for the third quarter and has nearly doubled last year's earnings before the 4th qtr. and year-end results come in in June. They have inked a contract with, and ramped up production for a major telecommunications project.(rumored to be with Nortel) They have won a contract with a major multinational automotive supplier and will be in production by this Fall on that, having signed an agreement with Samsung also. The stock just split 3-2. Both their Methuen, MA, and Shanghai operations are profitable and projected consensus earnings for June qtr. are $.27. Looking at the two-year chart should tell us something. I'd like to hear other's views about PRLX. |
