Invision(INVN)going which way? Message Board

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Technology Stocks : Invision(INVN)going which way?

INVN 21.04

+1.8%

Nov 5 4:00 PM EST

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To: Jim@Inland who wrote (335)	12/1/2001 9:47:41 PM
From: Jim@Inland	Read Replies (2) of 558

No wonder this PIG was trading at 2.00 in January : "EDS product revenues were $6.9 million for the third quarter of 2001, a decrease of 48.7% from the $13.5 million in the third quarter of 2000. This decrease was primarily attributable to decreased system revenue of approximately $7.0 million, resulting from fewer CTX systems sold in the third quarter compared to the same period a year ago " Now before you reply that the Government contract revenue is up 59% . This is also from the 10Q: Gross profit for government contracts was $851,000 in the third quarter of 2001, a 27.0% increase from the $670,000 in the third quarter of 2000. Gross margins were 18.7% and 23.4% in the third quarter of 2001 and 2000, respectively. If they just do 100% government contracts going forward, I wonder how long they'll stay in business with an 18.7% gross margin? GMAFB Jim

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