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Technology Stocks : Photronics [PLAB]
PLAB 33.74+0.2%3:59 PM EST

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To: Thomas DeGagne who wrote (405)8/17/2000 6:47:54 AM
From: JDN  Read Replies (1) of 424
 
Dear Thomas: I dont know, but I suspect it all depends on the CC this morning. Past earnings seem to mean nothing in this market anymore. Its the future they use the most to decide stock direction. There has been a lot of favorable talk in the chip sector past week or two so maybe we also will obtain some relief from that. Here is the pertinent part of the earnings release for those who didnt click on your post. JDN

Sales for the quarter were $85.6 million, up 18%, compared to $72.4 million for the third quarter of 1999. Sequentially, sales increased 12% from the $76.4 million in the second quarter of fiscal 2000, as the demand for high-end photomask technology continued to grow. During the quarter, high-end photomasks accounted for approximately 26% of total sales, compared with 15% in the year ago period, and 23% sequentially. Net income increased 58% to $6.9 million, or $0.24 per diluted share, compared with $4.3 million, or $0.16 per diluted share in the third quarter of 1999, before the charges associated with the Company's merger with Align-Rite. After giving effect to the merger charges of $3.7 million after tax, or $0.13 per diluted share, net income for the quarter amounted to $3.2 million, or $0.11 per diluted share.
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