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Non-Tech : Simula (SMU)

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To: Noblesse Oblige who wrote (1140)	6/4/1998 10:45:00 AM
From: Noblesse Oblige	Read Replies (1) of 1671

To the "thread," It is reasonably clear that ITS orders are running ahead of expectations. With the current press release indicating new orders of $6.6 million (or $ 3.3 million per month), this easily eclipses the expected rate of revenues for all of 1998. Remember, the expectation for the full year was just under $ 2 million per month. As for airline seats, which clearly represent the lion's share of commercial transportation seating orders, to keep the importance of this morning's release and numbers in mind one has to remember that SMU had 1997 revenues in that segment of only slightly north of $ 20 million. For 1998, it is anticipated that SMU will ship up to $ 40 million in airline seats. The logging in of such large incremental orders certainly puts us on track for reaching the $ 60 million level of revenues in 1999. Once the company consolidates San Diego's plants and starts efficient production, we should be well on the way to producing some good earnings numbers. I expect this trend to be apparent for the balance of 1998. All in all, very positive news.

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