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Technology Stocks : TNCR, the MOST Undervalued Semi-Equipment Stock

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To: Sam Citron who wrote (343)11/14/1996 4:09:00 PM
From: Bruce R. Schlake   of 362
 
Sam,

Thank you for your post. Revenues up, expenses up, profit down.
The one-time charge for restructuring is for the next 12 months.
What is impressive is the nice increase in revenues in such a slow period.
Their Asian business is up. Working capital is up, they are
putting lots of money into R&D and sales, places where it should go.
Administrative expenses should decrease in the future due to the downsize.

Their growth continues, just get those expenses in line. How did this
compare with estimates? What other reaction have you seen?
What do you accountants think?

Bruce
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