SMIT (Schmitt Inds)likely to post 400% earnings gain YoY Message Board

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Technology Stocks : SMIT (Schmitt Inds)likely to post 400% earnings gain YoY

SMIT 0.0155

+3.3%

Oct 14 2:00 PM EST

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To: Douglas Goodyear who wrote (2)	4/23/1996 9:35:00 PM
From: Brian Meath	of 276

The firm acquired this R&D shop last summer, so the annual report you get will focus on their old balancing business. While a good business, it's not the story here. You'll find the press releases and quarterlies much more compelling. What's so exciting about this firm is that they got this laser research shop for next to nothing (they were actually paid to take it if you count the tax loss carryforward), and they've only scratched the surface of its potential uses. The wafer and hard disk inspection system was an easy application, which they were delivering after only 3 months. They have also been approached by military helicopter manufacturers about designing a laser guided missile system - and they didn't even go out looking for this business. (I got this piece of info by going to the annnual meeting and talking to one of the tech guys. I think the firm has tremendous of upside, but I don't know enough to really judge the technology.

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