PRI Automation up 30% Message Board

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Technology Stocks : PRI Automation up 30%

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To: Steve K who wrote (91)	11/7/1996 6:59:00 PM
From: MRO0054	of 193

I can understand you being picky about an entry point for the stock. PRI is not really expensive at current levels, but it's not cheap either. The conference call should, I hope, prove interesting. I find the drop in margins significant. PRI has done a fine job holdng their gross margins near 48%, but they fell to 44% this quarter. However, there may be a bit of a silver lining to this cloud. I gathered from the press release that PRI wasn't planning on business being this brisk, so perhaps the strength of their business caused some inefficiencies. (I do hope PRI doesn't "pull an Asyst" on us next quarter. :) Another thought is that perhaps Asyst is actually proving to be a formidable competitor in interbay automation, and that the competition has caused the drop in margins.

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