Artesyn Technologies (ATSN) Message Board

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Technology Stocks : Artesyn Technologies (ATSN)

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To: JakeStraw who wrote (573)	1/23/2001 5:59:33 PM
From: rich evans	Read Replies (1) of 603

ATSN didn't do too well IMO. They said they didn't ship 20 mill in the quarter because of component shortages in tantalum capacitors and magnetics(ferrites). Inventory ballooned up to 150 mill as couldn't make the product and they lost 5.5 mill in profits as a result from higher material costs , loss of revs and consequent manufacturing inefficiencies. Next quarter still impacted with improvement in 2rd quarter and free of problems forecast in Q3. Wireless is doing well and could reach 200 mill annual run rate and still waiting on the Point of Load Server product to go with the new intel servers to be built with IA64 chips. But stock cheap enough so it is back to a waiting game IMO .Company is continuing to buy back shares and has about $450,000 still to spend at about 5000 shares a day. Rich .

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