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Gold/Mining/Energy : Derlan (T.DRL)

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To: Phoenix who wrote ()	5/7/1997 10:12:00 AM
From: Robert Miluga	of 319

From Canada Stockwatch: The Globe and Mail reports in its Wednesday, May 7, edition that Derlan Industries' stock this week moved up to a third consecutive 52 week high in what has been described as a slow reaction to the company's April 24 announcement that its California unit has received a US$150 million contract from a unit of Japan's Sony Corp. The Globe's Mary Weil writes that Steve Laciak of First Marathon Securities says Derlan is now breaking even, and that this contract should set it up to start making a profit in the coming quarters. The Sony contract is for the production of thin film coating equipment. Mr Laciak foresees Derlan reporting a profit of 40 cents a share in 1998. Derlan says that figure may not be out of line. Mr Laciak says Derlan has built up its order backlog, which currently stands at almost $600 million, enough for two years of work.

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