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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

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May 12 5:00 PM EST

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To: Phil Fischer who wrote (10441)	4/8/1998 1:09:00 PM
From: James Parker	Read Replies (2) of 14577

GOOD NEWS ON SIII- dljdirect.com FRANKFURT, April 7 - German car parts maker SAI Automotive AG SAIGc.F SAIG.F SAIGb.F said on Tuesday net profit edged up to 41.0 million marks in 1997 from 40.8 million marks the year before, but profit should rise significantly this year. Sales last year surged 46 percent to 2.49 billion marks at the company which is 64.24 percent owned by France's Sommer Allibert SMAP.PA. Speaking at the company's annual news conference, SAI SIII.MI Chairman Marc Assa said modest profit growth this year was due to start-up costs at new facilities and development of new products. He said the company would see a "significant recovery in its yearly result" this year and clearly faster growth in 1999 and 2000. The company also said it expected sales to grow to 3.4 billion marks this year before the pace of growth slows in 1999 and 2000. The company said that in light of an already completed capital increase it was now ready to list its shares on the MDAX index for middle-sized German companies. This news was put out by reuters it's free if you go to DLJDIRECT WEBSITE dljdirect.com ENTER TICKER SYMBOL SIII AND THEN SELECT ALL NEWS SOURCE AND READ THE LATEST NEW ON SIII GOOD LUCK

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