Yes, I was about to post too... just got the report by quoting
the stock at yahoo (http://quote.yahoo.com). Backlog was
104.7 million... I don't know offhand how that compares with
last quarter, but it's three quarters worth of revenue at
the current rate (so maybe only two quarters looking ahead ;-).
Inventories are almost twice what they were last year, while
revenues are up 65%...doesn't worry me tooo much but what do
others think? Also, how should one interpret the rise in
"contracts in progress" from 7.8 million last year 4q to
21.8 million now? Presumably this is stuff installed in fabs
but not yet billed? Maybe a good sign since it will
turn into revenue?
Steve, I don't think you'll see 30 this month without a major
market correction. But said correction is not all that unlikely.
In any case, I think there will be some more blood let in tech stocks early
next year... PRIA has been in this range before and corrected
into the mid-twenties. Granted, that will take wailing and
gnashing of teeth in the broader tech markets, and the tech correction
may not be that bad unless we get another big rally like June's.
So far things still seem subdued relative to June, but we could be
about to go into momentum mode...
All this FWIW... probably not much!
For PRIA, A lot depends on the conference call,
too... and the forward-looking statements. I hope to find out
more tonight. People *do* take profit on this stock eventually,
I have noticed (sometimes, even I do!).
Randy, guess I got snookered out of some of my stock by the
MM's but at least I didn't bite at the bottom. And at least
I made good money, and didn't sell it all. So I feel OK. I need
to lighten up on tech stocks anyway.
Howard |
