Aeroflex (ARX) Message Board

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Technology Stocks : Aeroflex (ARX)

ARX 11.37

-2.2%

3:50 PM EST

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To: bob golfer who wrote (489)	10/1/1998 9:26:00 AM
From: Harry Ehrlich	of 586

The chart does look good, as the price has crossed the 50 day moving average to the upside. Also, the chart shows slight accumulation since early September. However, the driving force behind the recent move may have been the following article from the Research Reports section of this week's Barrons: Aeroflex (ARX-NYSE) by HD Brous & Co. (8 1/4 , Sept. 15) We are reiterating our Strong Buy rating on Aeroflex, a manufacturer of electronic systems and components, and maintaining our $18 price target. Aeroflex reported fourth-quarter EPS of 19 cents on revenue of $34.4 million, up 36% and 17%, respectively. We had estimated 17 cents on revenue of $34.5 million. We believe business remains extremely strong. Harry

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