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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (1727)	9/9/1999 9:02:00 AM
From: Wolf 2	Respond to of 2126

E!: The upside surprise in eps is very nice though, frankly, the greedy Wolf was expecting a touch more (the last est. I saw was $0.10). The order backlog of $117 mill is also mouthwatering...$0.03 ps in the bag already for next quarter. Will there be a conference call and, if so, would anyone happen to have the number? TIA Wolf

To: E. Graphs who wrote (1727)	9/9/1999 9:28:00 AM
From: Logain Ablar	Respond to of 2126

E: Thanks for the link. From last quarter sales increased by $10.2M or 24%, book to bill was 1.25 (a decrease from last quarter where bookings were $75M) and the backlog increased but I don't know the balance @ last quarter. Analyst were expecting bookings around $55M (this if from memory only and could be off). Tim Edit: What company wouldn't like 2 quarters of orders on backorder.

To: E. Graphs who wrote (1727)	9/9/1999 10:43:00 AM
From: Duane L. Olson	Respond to of 2126

E! From euphoria to caution in five minutes! Thanks for posting LTXX'good earnings news.... I was looking for 10 cents, and improving in the next quarter... THEN the news that LTXX will issue 4.7 million new shares. Down we go. In perspective, though, 4.7 million is about a week's volume on the stock. And LTXX could use a little balance sheet improvement if they intend to start meeting some of that tester demand. All in all, I would have preferred a slight wait in the announcement, however...so folks could digest a little of the good earnings news first... doncha think? tso

To: E. Graphs who wrote (1727)	9/9/1999 11:04:00 AM
From: Duane L. Olson	Read Replies (1) \| Respond to of 2126

E! The need for capital was telegraphed in the Company's June 10-Q: Quote: The Company has taken and continues to take significant steps to control and reduce spending and capital expenditures and divest its non-strategic assets. The Company anticipates that these steps, combined with its working capital and its existing credit facility will be adequate to fund the Company's currently proposed operating activities for the remainder of the fiscal year. However, a significant shortfall from plan as a result of the Company's inability to ship products as scheduled or delayed acceptance of the Company's new Fusion products would unfavorably impact the Company's cash flow. The Company may require additional capital to fund anticipated growth in fiscal 2000. In that event, the Company would need to seek additional debt or equity financing. There can be no assurance that the Company could obtain the necessary financing. The Company apparently had pledged all the assets of the company for a $10 million line of credit late last year...and they can raise $50-60 million in the secondary, loosening the ties more than a little....not to mention funding the capital improvements they likely will need to ramp up for y2000 production. Guess I will hold through the churn here, but was really looking forward to a blast upwards today...sigh! tso