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Technology Stocks : PRI Automation (PRIA)

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To: Sherman who wrote (374)	3/24/1998 11:19:00 PM
From: JR	Read Replies (1) of 1214

Tuesday March 24, 1998 (11:07 am EST) PRI Automation Sees Lower Than Expected Earnings; Adams Harkness Calls News an "Unhealthy Sign" NEW YORK, Mar. 24 (Standard & Poor's) - PRI Automation (PRIA 26-15/16 UP 3/4) said it sees lower than expected second quarter earnings per share of $0.05 to $0.07 on revenues of $47 million to $49 million. The company cites the Asian financial crisis and DRAM overcapacity. Adams Harkness called the news an unhealthy sign of the capital spending environment. Analyst Fred Wolf told Standard & Poor's MarketScope he believes this bad news will continue well into the next year. He doesn't see a pick-up in business until the second half of 1999, but says he's more pessimistic than most. Wolf maintained his market performer rating on the stock and said he's staying on the sidelines. 24-MAR-98 11:07:07 (01075880) Copyright 1998 Standard & Poor's Investment Advisory Services, Inc

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