CMIC- CALIFORNIA MICROWAVE Message Board

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Technology Stocks : CMIC- CALIFORNIA MICROWAVE

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To: RALPH EDRICH who wrote ()	2/7/1997 4:33:00 PM
From: CYC	of 67

It is interesting to see that the price of CMIC is inching up today in anticipation of the scheduled announcement next week. Supposedly, we are going to see some significant charges on the last and the current quarters due to restructuring or write-offs despite the fact that operations in the last quarter could show proftis. I checked the trading volume today and there were a few 10,000 blocks and a number of 5,000 blocks at the end of the day to push the price up. I am more and more convinced that some divisions of this company may be sold, or something bigger is going on. I will believe it more if there are higher volumes in the next few days. Anyone hear anything? Good luck to you all who are long in CMIC. Ching-Yao Chan

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