SMIT (Schmitt Inds)likely to post 400% earnings gain YoY Message Board

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Technology Stocks : SMIT (Schmitt Inds)likely to post 400% earnings gain YoY

SMIT 0.0155

+3.3%

Oct 14 2:00 PM EST

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To: Thomas Cordell who wrote (42)	7/26/1996 1:17:00 AM
From: Brian Meath	of 276

There is no new news out about the company. If there's one thing these guys lack, it's PR savvy. Virtually no news comes out in the form of press reports, other than quarterly reporting. In talking to both the company and some attendees of the trade show, I believe that some good news is on its way. #1) SMIT anticipates delivering 17 TMS2000 machines in July, which is well above the estimated 8 - 10 per month necessary to hit the $0.55 earnings target for next year. #2) They have delivered wafer inspection machines number 2 & 3 (the first went to SEH in Vancouver)to a VERY large player in this game, who has indicated that significant orders could follow if the machines live up to billing. FY97 forecasts are based on only selling 6 - 12 of these machines all year. Let's just hope that SMIT has the awareness to mention both these facts next week when they issue their earnings report.

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