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Technology Stocks : PRI Automation (PRIA)

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To: orkrious who wrote (511)	10/13/1998 1:49:00 AM
From: Sultan	Read Replies (2) of 1214

It opens up the possibility of PRIA acquiring/merging with Promis Systems, a canadian co. which is the main competitor of Consilium and have an alliance with PRIA. Promis is about comparable in size to Consilium and for the last few quarters have been more successful. Consilium on the other hand had losses for few qtrs. and revenue had declined. Promis is thinly traded, only on TSE, is a small cap and reports all it's numbers in US$. The current share price is around $3.30, that is in Canadian $. 52 week high was 7+ Management just announced a buyback of 500k shares. In light of what AMAT is paying for Consilium, upside potential for Promis looks great. promis.com Note: I have a long position in the co.

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