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Technology Stocks : p-com (pcms)

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To: Magnatizer who wrote (611)	5/29/1998 12:36:00 PM
From: scott	Read Replies (1) of 1461

Possible relation to REMC and comments about visibility of demand. (Sorry, I don't have time now to look into it with depth, but you can bet that the market and its distaste for uncertainty is hitting PCMS hard. I hope that it is not info on fundamentals within the company. Opinions?) >>> Among the most active stocks, shares of REMEC Inc. (REMC - news), the San Diego-based maker of microwave modules, tumbled 6-1/8 to 14-3/4. A market source cited concerns after a conference call with analysts where a company executive raised some doubts about the ''visibility of demand in the company's commercial business''. REMEC's modules are used in defense applications and in commercial wireless telecommunications. After the market close Thursday, REMEC reported earnings of $0.19 per diluted share for the quarter ended April 30, in line with analysts' expectations. REMEC earned $0.11 per diluted share in the first quarter of last year. >>>>

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