Aeroflex (ARX) Message Board

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Technology Stocks : Aeroflex (ARX)

ARX 12.62

+4.7%

Nov 7 9:30 AM EST

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To: MulhollandDrive who wrote (383)	2/5/1998 9:42:00 PM
From: Kerry Lee	Read Replies (1) of 586

<<You know Kerry, I was a bit surprised that more attention hadn't been paid to the backlog.>> My recollection is that Microelectronics represented over 70% of the $66 million backlog which they characterized as "shippable within the next 12-18 months". The backlog does not even include the blanket orders from MOT. Their top 3 customers are Lucent, Motorola and Hughes. Nice clientele <g>. Also the COO hinted at "alot of irons in the fire" which is promising going forward. I recall a statement made about the next quarter revenues were expected to be approx a "couple million" sequentially higher than Q2. They also described their book to bill as "very strong" without providing numbers. Their Commercial business is now greater than 50% of ARX's total business and "growing" which demonstrates their success in diversifying/reducing dependence on Govt business...I understand that Soundview raised their estimates after the Call today. PS - Aeroflex made it onto Nightly Business Report as one of the NYSE movers today..good for visibility with investors!

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