Reliability Inc (REAL) Message Board

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Technology Stocks : Reliability Inc (REAL)

REAL 15.77

-2.0%

Dec 31 3:59 PM EST

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To: Secret_Agent_Man who wrote (451)	3/14/1998 12:41:00 PM
From: Shane M	Read Replies (1) of 542

Byron: There's more to this. While not impacting 97, the plant closing is expected to impact 98, both revenues and income: -quoting the 1/15 press release- quicken.excite.com He commented further, "There will be no impact on 1997 revenues, net income or earnings per share related to the closure. Therefore, our preliminary results indicate that we will equal or exceed our 1997 forecast for net income and earnings per share. "The Durham closure will have some negative impact on 1998's net income as we expect to record a reserve related to the closure of approximately $500,000 in first quarter of 1998. The reserve amount is subject to the successful completion of several negotiations. The Durham facility accounted for approximately 10 percent of consolidated revenues in 1997. Our revised forecast indicates that Reliability will still report revenue growth in 1998 and that the decrease in net income will be commensurate with the loss in revenues, although we are continuing to monitor the financial unrest in Southeast Asia."

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