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Technology Stocks : Celeritek(CLTK)- earnings up 1300%

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To: Richard H. who wrote (144)1/13/1998 5:06:00 PM
From: slob  Read Replies (1) of 212
 
Richard: Results look OK to me, only sign warning is high Inventory.

I liked what I saw with the increase in Gross Margin. This was to be expected as they moved more into GAAS business still it is nice to see and shows that things are on track. Seems to me that this is long term buy at current prices, of around $10.5. It is hard to find semis with good revenue growth and gross margin growth that are selling at less than P/S = 3.0.
This year CLTK really needs to translate this change into bottom line earnings growth and properly exlain this Current Asset problems.

Slob

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