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Technology Stocks : Daw Technologies DAWK -- Ignore unavailable to you. Want to Upgrade?

To: oscairo who wrote (477)	12/18/1999 10:36:00 PM
From: Return to Sender	Respond to of 607

Daw Technologies, Inc. Announces 1999 Third Quarter Results biz.yahoo.com SALT LAKE CITY, Nov. 17 /PRNewswire/ -- DAW TECHNOLOGIES, INC. (''Daw'') (Nasdaq: DAWK - news), today reported today a net loss of approximately $1.1 million, or $.09 per share, on sales of $12.4 million for the quarter ended September 30, 1999. This compared to a net loss of $.7 million, or $.06 per share, on sales of $14.3 million for the quarter ended September 30, 1998. For the nine months ended September 30, 1999 the Company reported a net loss of $2.9 million, or $.23 per share, on revenues of $34.9 million. This compared to a net loss of almost $4.0 million, or $.32 per share on revenues of $38.7 million for the nine months ended September 30, 1998. ''While we have been successful in winning a number of contracts in North American and Europe, the total contract value of these awards has been significantly lower than what we experienced prior to this three year downturn, stated Ronald W. Daw, Chairman and Chief Executive Officer. ''The lower contract values combined with competitive pricing pressures during this downturn have had an adverse affect on our bottom line for the past three years. We simply have not had enough volume to cover our corporate and manufacturing overhead,'' Mr. Daw went on to say. ''We continue to work with our bank in managing our cash requirements and we are hopeful that our relationship with the bank will provide us the working capital required to fund our ongoing operations,'' Mr. Daw observed. ''While we have already made significant reductions to our operating expense structure, we will continue to evaluate further cost reductions with the goal to be profitable by the first or second quarter of 2000. We are completely rethinking the way we approach our cleanroom business unit and believe our new strategic focus will enable us to secure new contracts that are more profitable than our traditional approach. We have already begun to benefit from the strategy to outsource the manufacture of our cleanroom components. ''As we previously announced in our September 13th press release, we have determined to sell our cleanroom components manufacturing business unit. We have begun this process and intend to have the sale completed by the end of the first quarter of 2000. The sale of this division will significantly reduce our overhead costs, raise additional working capital, and allow our cleanroom division to provide our customers with a wider range of cleanroom products and services at more competitive prices.'' Mr. Daw continued, ''It appears the long drought in capital spending by the semiconductor industry is about to end. With most major manufacturers talking about capacity constraints and numerous large chip buyers signing-up for long term supply agreements, pressure is building for additional capacity. The increased demand for chips is largely the result of the explosive growth in digital wireless communications, networking equipment, and the Internet.'' Mr. Daw further explained, ''Industry analysts are predicting that capital spending by the semiconductor industry will increase substantially in 2000 and will finally surpass the 1995 level of spending and top $60 billion in 2001. These are all very positive signs for our cleanroom business.'' ''We are also very much encouraged by the growth of our sleeper cab business,'' Mr. Daw elaborated. ''We are now beginning production in our new South Carolina facility, and anticipate revenues from this product to almost double by the end of 2000 from the current fiscal year. ''We are also encouraged by several prospective orders as a result of our diversification initiatives in our contract manufacturing division. While we are not prepared to announce any significant contracts we are hopeful that our efforts will materialize into profitable revenues for the company. ''We also see significant opportunity for growth from our Intelligent Enclosures business unit. Orders are growing and as the semiconductor capital equipment industry continues to recover we expect to see a direct increase in sales from this business unit,'' Mr. Daw stated. Daw Technologies, Inc. provides ultraclean manufacturing environments for customers throughout the world and specializes in the design, engineering and installation of cleanroom systems meeting stringent semiconductor manufacturing requirements. The Company, through its diversification initiative, also manufactures a line of tractor sleeper shells for heavy-duty truck manufacturers, door-less air entrance systems for large retail establishments, and engages in contract manufacturing. For more information, visit Daw on the Internet at www.dawtech.com. This news release contains forward-looking statements that involve risks and uncertainties. Actual results and outcomes may differ materially from those discussed or anticipated. Factors that might effect the actual outcome include, but are not limited to, the length and severity of the semiconductor industry downturn, decreases in capital spending by semiconductor manufactures, cancellation or delays of existing contracts, increased competition in the cleanroom segment of the industry, customer acceptance of new products and a decline in demand for semiconductors. For a more detailed discussion of these and associated risks, see the Company's most recent documents filed with he Securities and Exchange Commission.

To: oscairo who wrote (477)	12/18/1999 10:48:00 PM
From: Return to Sender	Read Replies (1) \| Respond to of 607

Please read that press release carefully. Daw is only selling the cleanroom components manufacturing business unit, not their entire cleanroom business. Yes I do expect Micron is going to report good earnings. Look at MU's action this last week. The stock was up strong. Does that mean I think you should buy it? I would not buy the stock unless it dipped to 60 again. I use a combination of fundamental and technical analysis in order to help me to make investment decisions. I don't make all the right decisions but it is helping me to really work harder to minimize the risk. Bad stocks also rise oscairo. DAWK has been one of the worst investments anyone could have held this last year. Want to hear something that I have also learned in my investment life? The worst investments of one year often end up being the best the following year. Daw Technologies, Inc. provides ultraclean manufacturing environments for customers throughout the world and specializes in the design, engineering and installation of cleanroom systems meeting stringent semiconductor manufacturing requirements. The Company, through its diversification initiative, also manufactures a line of tractor sleeper shells for heavy-duty truck manufacturers, door-less air entrance systems for large retail establishments, and engages in contract manufacturing. For more information, visit Daw on the Internet at dawtech.com. These guys have not sold any division of any of their businesses yet oscario, so lets not even count on that happening. You read their press release. So did I. I'm in at 17/32's.... You??? RTS

To: oscairo who wrote (477)	12/18/1999 11:06:00 PM
From: Return to Sender	Read Replies (1) \| Respond to of 607

Now I have some questions for you oscario. I have read your posts here. I have noticed that the only thread you post on is this one. You also answered Andrew's question by stating that you were aware of the company's cash on hand and burn rate? How is that possible? Are you either a disgruntled investor or former investor who lost money? Are you either a disgruntled employee or former employee? Have you ever contracted to have work done by Daw and ultimately were dissatisfied with their work? Are you shorting Daw and actually intimidated by one single poster on a dead thread at Silicon Investor? What's the deal? If DAWK breaks through support again at 50 cents I will be out so quick that I will never see zero. I read that press release from DAWK. I called the company. I know that they have done nothing lately to even deserve a stock price of 17/32's but oscario, hope..... does spring eternal. DAWK is still in the right industry and Spring is just around the corner. RTS