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Technology Stocks : Microdyne (MCDY)

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To: Walter F. Rauch who wrote (224)	7/1/1997 12:16:00 AM
From: Dave Johnson	of 414

Actually Networking Products is in San Jose CA. It might be a long detour for you! Things are looking good. I believe targets are being met. NPD will be history soon but are continuing a good amount of product in it's waning time. The new president has demonstrated he is a penny pincher and can get the job done to cut costs and increase earnings. It will be interesting to see (outside of the $5mill restructuring) charge what the operating earnings will be. I suspect they will be good and without any charges for the Sep qtr they should be great.

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