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

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Oct 31 9:30 AM EST

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To: David Wiz who wrote (194)	9/28/1997 2:14:00 PM
From: MANNLAKE	of 276

David About 75-80 shareholders were in attendence. As far as new analysts covering the company, check out my previous post about National Securities, you can e-mail for the report. As to new customers, I did not make any notations in my notes about that area. As I understand you first statement/question, you want or need more info on the DTM. The disk drive industry will produce over 360 million disks this year. If, theoretically, they went to 100% testing after the sputtering process (this is the 4th step in manufacture of a disk) you would need around 3800-4200 DTM machines. These machines sell for about $145,000 each with margins that you have come to expect with this company. Last year, SMIT had sales of about 10.5 million. How many DTM machines do they need to sell to have a impact on the growth of this company? Do we need 100% of the industry to go to 100% inspection in order for this product to be successful for SMIT. In the meeting, Wayne Case (founder/CEO) said that he thought they could easily sell 25 of these machines this fiscal year. You do the math and tell me if this would be a plus to earnings. I think what I just typed is fairly accurate but, you should double check by sending Wayne Case a e-mail with your questions. I am postitive he knows what is going on better than I do. You can find his e-mail on their web site. Steve

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