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Technology Stocks : California Micro Devices

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To: William E Hodal who wrote (19)5/28/1997 6:59:00 PM
From: Elvis Jones   of 168
 
The latest news on CAMD...

May 1st... The company reports an improved outlook on the future. From the press release was the quote, "We have had a strong, positive book-to-bill ratio for two quarters in a row and our backlog is increasing."

May 22nd... The judge has submitted his written approval of the class action settlement. The light at the end of CAMD's legal tunnel is only 30 days away!

The stock has some resistence at $9/share. This could be broken with one more "up" quarter (and the end of the class action).
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