Thanks for the link, Roy. I've been digesting the report for a few days. At first glance, I thought the 12% revenue gain was impressive, considering that the latest Q contained no OEM revenues. After reflection, however, I'm not sure if the 2Q last year had a whole lot of AMSC OEM revenues, either. If 2Q 97 had no AMSC revenues, then 2Q 98 was no big deal, although it does indicate progress. If 2Q 97 did include OEM revenues, then I think 2Q 98 was impressive, particularly in light of the efforts being made to improve margins by slicing the SG&A fat. I don't mind the extra R&D expenses, but I do mind all the administrative people just hanging out. Finally, I'm happy with the improvement in gross margins. I'm hoping for a break-even 3Q, with sequential revenue growth. That'll make me buy more. Until then, I remain a little leery, but am not selling.
Did anyone hear the CC? Any interesting words from management?
RK |
