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Technology Stocks : Nam Tai Elec. (NTAI)

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To: Marc Wester who wrote (1256)3/16/1998 7:18:00 PM
From: mod  Read Replies (2) of 1696
 
<<They also said that this cash would be used for some types of acquisitions WITHIN 6 months>>

Marc,

"The Company is in the process of evaluating various investments and acquisitions in the United States, China, Hong Kong and Japan and expects that with time and patience the process will yield results in a minimum of six months."

They said a MINIMUM of 6 months, not a maximum. That means no deals for at least 6 months.

<<If you look at income from operations only, you see a qtr 97 to qtr 98 growth of 45.8% and a year 97 to year 98 growth of 123%.>>

Not if you adjust for the much higher number of shares now outstanding. Income from operations only for the most recent quarter is up from .30 to .31 or .32, or 3-6% over the prior year.

Dennis
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