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Technology Stocks : SMTEK International

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To: Chris Nevil who wrote ()	11/12/1998 6:20:00 PM
From: MIKenn	Read Replies (1) of 18

Jolt disclosure/margins: Jolt operations were broken out separately in a table within 10-K for the 9 months ending March '98, reflecting marginal impact on revenues and substantial impact on income. It shows: nine months Income for DDL w/o Jolt:...226 Income for Jolt:.................764 Restated DDL income:.......990 In the fourth quarter, the $609,000 charge was taken. Therefore, added to the above: 4th quarter cons.inc. w/o merger charge:...112 merger charge:.................................................(609) Net income:.....................................................493 That means the crap got knocked out of DDL in the 4th quarter with income down about 70%. In fact, income declined every single quarter during the fiscal year. My guess is that is attributed to declining contributions from Jolt.

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