Jeffrey,
The Aug 14 news release was about their Q2 report:
biz.yahoo.com
Eric T. Chase, President and Chief Executive Officer of QC Optics, Inc., commented, ``Our decrease in sales for the quarter is attributable to the continued slow down in demand we have seen for capital equipment in the semiconductor industry, which we believe will recover in the second half of the year. Because of our low unit volume of high priced equipment, our quarterly sales and profits can, and have in the past, fluctuated.''
Mr. Chase continued, ``We are pleased by the recent receipt of a series of orders, which were reported on July 15, 1997, from a major computer hard disk manufacturer for our DISKANs. We see continuing progress in the tendency towards 100% inspection in the computer hard disk industry. We believe this trend will afford the Company improved
opportunities in the sale of our disk inspection equipment.''
I have followed NANO thread for a while and learned the volatility of this business, therefore, I believe what he said was true. Now, OPC is sitting on a big pile of cash which is enough to run the company for a long time. This big order will restore the earning power of this company, IMHO. The stock should perform well theoretically. And, I believe it is a very good take over target due to the features such as small market cap, cash, and the technolgy. I hope it will move much higher within 12 months. The short term momentum is definitely biulding up. The last piece of the puzzle is the earning. Let us wait and see.
Sincerely,
Wade |
