AVX and KEMET, two major capacitor co's Message Board

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Technology Stocks : AVX and KEMET, two major capacitor co's

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To: Philip H. Lee who wrote (9)	7/17/1996 10:17:00 PM
From: Mark Jackson	of 60

Phil, This topic seems to be getting a little stale judging from the posting dates. I have some new info from today's Myrtle Beach Sun News: Quoting them ....."AVX earned $32.5 million during the quarter that ended June 30, a 6.8 percent increase from a year ago, while sales decreased 12 percent to $268.2 million." Also .......... "Part of the cost savings came from laying off about 1,100 workers at AVX's 21 worldwide plants since November." These layoffs have been predominately blue collar jobs to the best of my knowledge. I am picking up AVX shares as the price drifts lower and fully expect to double my money within 2 years. AVX should be able to weather the storms better than Kemet (in my opinion) because of Kyocera's stake in the company. Best Regards.

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