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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?


To: joemjo who wrote (1074)8/16/1999 11:19:00 AM
From: Rob Preuss  Respond to of 1250
 
Sounds plausible that some micro-cap funds might
be interested in ACTM ... but I have no evidence.

Looks like good volume so far today (again) and
the price is holding up... I view that positively.

Rob



To: joemjo who wrote (1074)8/16/1999 11:26:00 AM
From: Rob Preuss  Respond to of 1250
 
ACTM Balance Sheet (somehow listed as current news):

biz.yahoo.com

ACT MANUFACTURING, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

(Unaudited)
June 30, 1999 December 31, 1998
------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents ....................... $ 4,640 $ 5,389
Accounts receivable, net ........................ 69,637 70,546
Inventory ....................................... 45,406 45,337
Prepaid expenses and other assets ............... 2,350 2,204
Deferred taxes .................................. 1,360 1,360
--------- ---------

Total current assets ....................... 123,393 124,836

PROPERTY AND EQUIPMENT--Net .......................... 16,074 13,489
GOODWILL--Net ........................................ 5,285 5,506
OTHER ASSETS--Net .................................... 1,792 1,538
--------- ---------

TOTAL ................................................ $ 146,544 $ 145,369
========= =========

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable ................................ $ 48,220 $ 50,592
Accrued compensation and related taxes ....... 1,080 1,463
Income tax payable ........................... 2,059 505
Accrued expenses and other ...................... 1,596 2,100
--------- ---------

Total current liabilities .................. 52,955 54,660
--------- ---------

LONG-TERM DEBT--Less current portion ................. 2,044 977
--------- ---------

NOTE PAYABLE BANK .................................... 36,719 39,498
--------- ---------

STOCKHOLDERS' EQUITY:
Common stock .................................... 91 91
Additional paid-in capital ...................... 39,673 39,205
Accumulated other comprehensive income (loss) ... (99) (180)
Retained earnings ............................... 15,161 11,118
--------- ---------

Total stockholders' equity ................. 54,826 50,234
--------- ---------

TOTAL ................................................ $ 146,544 $ 145,369
========= =========



To: joemjo who wrote (1074)8/16/1999 11:51:00 AM
From: Rob Preuss  Read Replies (1) | Respond to of 1250
 
ACTM listed as the top pick for today (16 August 1999)
with a price target of $26/sh...

stockpickstoday.com

Also...

Tokyojoe lists ACTM under their "past performance" now
(see August 1999) with a buy at 19+3/8. No sell price listed.

tokyojoe.com

Also...

Equityalert announces investment opinion. Lists ACTM as a top
up-momentum NASDAQ issue.

exchange2000.com

Today's 1-min chart on ACTM shows a good rise on good volume
to reach $22+1/2 around 9:45A before trading activity and price
tapered off to its present price around $21+1/2 at 11:00A.

There still appears to be some good upside left in this rally.

Rob