White Electronic Designs Corp (WEDC) - Tech Value? Message Board

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Technology Stocks : White Electronic Designs Corp (WEDC) - Tech Value?

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To: MarcG who wrote ()	11/28/1999 11:12:00 AM
From: MarcG	Read Replies (2) of 40

Conference Call Notes: 1999 wrap-up Internal controls are producing $3M gsa cost savings. Order backlog, a record, $31.5M Commercial Division, the growth leader, through telecom, datacom and internet sales. '99 vs.'98 revenues, up 50%; quarterly up 30%. Contributors include Cisco Systems, Ascend Commun. (LU) and Cabletron. Hi-Rel Division wins many design awards, including multiple European Fighter, Brimston, A9 and FSX Japanese Fighter. The Display Division increased sales by 80%. Contracts in progress include Smith Industries, up to 25 years with Honeywell in commercial avionics and GTE. A new patent was awarded for SBLR (Super Bright Low Reflectant). Potential licensees are Sharp, Litton Industries and Honeywell. Gross profit margins increased to 33% from 30% in the 3rd qtr. The book to bill ratio is 1.2 to 1. Research and development spending will increase $500k to $3.65 M in 2000. WHT continues to support start-ups. Projections are for a record year in 2000 with a 37% revenue increase led by the commercial segment's data/telecom and dsp demand. Employment is projected to increase 10% to 285-295. The November Board meeting included a discussion of calling the preferred issue so that the dividend expense is eliminated. Brokers that follow WHT include Needham & Co, Ladenberg Thalman and Shields & Co.

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