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Technology Stocks : Stratasys (SSYS)

SSYS 10.62

-1.5%

Oct 31 9:30 AM EST

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To: John Kratus who wrote (202)	1/12/1998 10:45:00 AM
From: Neil S	Read Replies (1) of 316

Stratasys Warns: MINNEAPOLIS, Jan 12 (Reuters) - Stratasys Inc said Monday it expects fourth quarter and full year earnings to be substantially lower than analysts' estimates because of weak sales in Southeast Asia and Europe. Analysts polled by First Call expect the company to earn $0.43 a share in the fourth quarter and $0.36 for the full year. The company said in a statement that it still expects to be profitable in the fourth quarter and the full year. It attributed the weaker sales to its western regional sales office becoming operational later in the quarter than originally anticipated. It also said technical issues with its Genisys product early in 1997 hurt full-year revenues. It said it had resolved those issues for products currently being shipped and anticipates completing technical upgrades for models in the field by the end of the first quarter of 1998. The company said it expects 1997 full-year revenues to rise 29 percent from 1996, to $29.7 million. Stratasys is a manufacturer of rapid prototyping systems for automotive, aerospace, industrial, electronic, medical and consumer product OEMs. 07:49 01-12-98

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