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Technology Stocks : INVX Innovex Comdex Winner !!
INVX 22.20+0.6%Dec 29 3:59 PM EST
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To: MikeM54321 who wrote (2967)1/12/2000 1:56:00 PM
From: rich evans  Read Replies (2) of 3029
 
I would have to agree that the CC was quite subdued compared to the last one after ADFLEX acquisition. Basically everything has been pushed out at least 1 quarter for company's turnaround. Gross margin now is the past operating margin because of unabsorbed factory overhead on the shipping halt for Q1 and now Q2. Also ADFLEX charges are a lot more then the 5 mill originally estimated as indicated by the one question from an analyst. But CEO did say that despite all this they would do AfLX again as bought it cheaply despite the extra unplanned 15 mill they have spent on Adflex to restructure. I think I agree with Ran that the company has a bright future. Especially if they keep the assembly operations to help revenue and make them a one stop shop. They can get a good return on their valued added in this as FCOF is the assembly method with the future. Revs not that bad despite ship halts and the 40 mill in Q2 will equal last years Q4 and with a double digit sequential growth after that but we will not do what they forecast in the Q4 cc of 200 mill. But as one analyst asked, the margins are the question. This has always been a problem in the DD business. Cap EX seems to be increasing dramatically. They have over 10 mill of NOL. Did not like pushouts as I have some options.

Rich
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