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Technology Stocks : Altron & T-HQ 32-bit titles?

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To: Daniel Monsen who wrote (15)	10/24/1996 12:40:00 PM
From: richroni	of 24

Altron Reports Third Quarter 1996 Results WILMINGTON, Mass.-- Altron Incorporated (NASDAQ: ALRN) today announced its financial results for the third quarter ended September 28, 1996. Sales increased 10% to $38.2 million from $34.8 million for the third quarter of 1995. Net income increased 8% for the quarter to $4.1 million or 26 cents per share compared to $3.8 million or 24 cents per share during the same period a year ago. Sales for the nine months ended September 28, 1996 were up 24% to $126.6 million compared to $102.1 million for the same period last year. Net income increased 34% for the first nine months of 1996 to $13.5 million or 85 cents per share compared to net income of $10.1 million or 70 cents per share for the first nine months of 1995. The Company had working capital of $62.7 million and a current ratio of 4.4 at September 28, 1996. Altron's multilayer printed circuit business is strong. However, the Company is seeing slower bookings in its contract manufacturing business from several customers who have experienced reduced demand for their products. The Company has taken the following actions to support Altron's future growth plans: -- We are opening new sales offices in Texas, California and Illinois to expand sales coverage in these areas. -- Brian Byrne, formerly President of Bull Electronics, has joined Altron as Vice President of Business Development to assist in the implementation of the Company's strategic plans in the United States and Europe. -- Construction of a 104,000 square foot plant has begun near the Company's headquarters. These steps, combined with Altron's technology leadership and outstanding quality and service, are expected to contribute to Altron's performance in 1997. "Provided by Dow Jones & Company, Inc."

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