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Technology Stocks : Jore Corp. NASDAQ:JORE

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To: Jack Hartmann who wrote (9)10/29/1999 9:26:00 AM
From: adam   of 15
 
Jack -
With regard to employment, the prospectus stated:
"In the third and fourth quarters of 1998, for example, we more than doubled our work force from 410 to 839 people. Although necessary at the time to meet production schedules, this rapid increase in personnel resulted in significant inefficiencies......".
Now a huge percentage increase like that is going to take at least a year to digest. So I can certainly understand why earnings this year have been anaemic. I don't know whether you have to pay $16/hour in rural Montana, but in the long term I'm sure they will want to move some production offshore. Anyway, let's hope for a banner fourth quarter!

Adam
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