Circuit Systems (CSYI) Message Board

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Technology Stocks : Circuit Systems (CSYI)

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To: majaman1978 who wrote (18)	8/27/1997 8:26:00 PM
From: kolo55	of 51

Managed to get a few shares yesterday at 5.1875 Then today the stock didn't trade at all. This is really trying my patience. But I'll keep looking to chip away now and then. The next earnings announcement should be released in the next two weeks, for the Q ending July 31. The SEC usually requires 10Q submittal within 45 days after the close of the quarter. I hope I can get a decent position by then. The plant purchase closed on July 25th (see the copy of the news release below), so the OctQ will be the first quarter where the full increase in revenues will be seen. Paul OAK GROVE VILLAGE, Ill., July 25 (Reuter) - Circuit Systems Inc (CSYI) said Friday it closed the purchase of the printed circuit board manufacturing operations of Philips Consumer Electronics Co. Financial terms were not disclosed. Philips Consumer Electronics is a unit of Philips Electronics NV (PHG.AS). ``This acquisition will add approximately $20 million-$25 million to Circuit Systems' annual sales and help us achieve our goal of $100 million in sales in fiscal 1999,'' D.S. Patel, chief exectuive officer of Circuit Systems, said in a news release.

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