DIIG's earnings report contains some fairly strong forward looking statements by Budacz.
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Budacz continued, ''Based on the information provided by our customers, we expect a good 1998, excluding the Orbit write-off. Although we anticipate some 'pushes and pulls' among our operating units, excluding the restructuring charge, we are expecting sequential quarterly earnings growth of more than 50 percent in the second quarter. The upcoming quarter for Dovatron, our contract manufacturing unit, includes product changeovers for a few of its major customers, which should be offset by stronger-than-expected results at Multek, our printed circuit board manufacturing company. The Process Technologies group performance was in line with expectations for the first quarter, and is expected to strengthen throughout the balance of the year. All in all, the second half looks good for all of the DII Group companies, and we expect earnings for fiscal 1998 to be up more than 20 percent from the prior year, excluding the restructuring charge.'' |
