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Technology Stocks : CMIC- CALIFORNIA MICROWAVE

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To: RALPH EDRICH who wrote ()1/22/1997 5:29:00 PM
From: Jolly Roger   of 67
 
Ralph, and all other California Microwave shareholders:

In case you haven't noticed, there are major things happening behind the scenes at CMIC. Mr. Otto is gone and Dr. Leeson is now trying to revamp the entire operation to turn things around. I put a call into investor relations this afternoon to inquire about the jump in share price this day, up 1 point on heavy volume in the last 45 minutes of trading. Moving up to test the near term recent high of 18 1/2 per share. Can any one help me on the pending earnings release? When are the quarterly numbers due out? Would love it if this thread could once again be filled with savvy participants. From what I hear Leeson is cleaning house at the radio division and that significant "Otto" related charges will be announced soon. Hoping for a revival of CMIC after a long and negative period in this issues' history. Ralph, if you or any one else out there has any opinion or input, feel free to respond.

Jolly Roger
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