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Technology Stocks : Merrimac (MRM) anyone else follow 'em
MRM 1.903-5.1%Dec 31 3:59 PM EST

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To: Liatris Spicata who wrote (89)3/18/1999 4:16:00 PM
From: 5,17,37,5,101,...  Read Replies (1) of 110
 
Larry,

Oh boy this looks glum, but it was expected really. Management warned. But I always look at cash flow which is very good; and I look at book value; products look good; growth prospects look good despite recent sales slump. Management's explanation that customers are postponing orders seems the real key. Will the orders ever come in and when? Anytime a comp is dependent on large customers, there is the risk of this happening.

I am bracing for more downside based on this earnings release, with no idea where bottom will be. I see Dimensional Fund reduced holdings by 2000shares; Witter increased shares by 12,000.

Jackson
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