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Technology Stocks : Printronix(PTNX)

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To: ron forgus who wrote (87)	7/9/1998 8:03:00 PM
From: David Aegis	of 113

PTNX EPS (fully taxed) .38 vs. .35 estimate and .35 last year. Sales were up 4.7% y-o-y or up 2.8% excluding the RJS acquisition. Margins were up 270 basis points on strength in sales to Europe and to IBM. SG&A increased due to increased headcount and costs related to Asian and European sales efforts. Also, $250k was added to bad debt reserves in the quarter due to the bankruptcy of a French customer. Overall, very positive news, particularly regarding both IBM and Europe. Also, mgmt. stated that IBM denies the rumor that it is considering the sale of its printer business. biz.yahoo.com --David

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