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To: Laszlo who wrote (15707)	2/12/2000 11:03:00 AM
From: Dale Baker	Read Replies (2) \| Respond to of 118717

Thanks, Laszlo. I can be a real pain in the butt sometimes, huh? Just trying to make it a better thread for everyone. SEMX has a great chart. But the lack of analyst coverage concerns me. And it's hard to believe that competition is minimal in a component business like this. But what really worries me is their recent performance: "SEMX provides specialty materials and services to the microelectronic and semiconductor industries worldwide and supplies proprietary copper/tungsten sole weight to a unit of Adidas for Titanium Bubble two golf irons. For the nine months ended 9/30/99, revenues fell 7% to $47.3 million. Net income totaled $6.3 million vs. a loss of $1.2 million. Revenues reflect the sale of Retconn. Earnings reflect an $8.4 million gain on the sale of Retconn and the absence of a $2 million restructuring charge." Revenues fell, though that may be because they sold the subsidiary. But they had $8.4 million in one-time gains. That means operating income was a $2 million loss in a sector that had a terrific year. I may be missing part of the picture. Can you help me out?