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To: Steve Smith who wrote (16507)	3/6/2000 9:56:00 PM
From: Richard Tsang	Read Replies (1) \| Respond to of 118717

ADAP - closed almost at its high today. I sold a third of my position. Only 20 points from its all time high. I put the money in Quad Systems (QSYS). Quad Systems designs, manufactures, markets and supports surface mount technology equipment used in the assembly of printed wiring boards. At 2.45, QSYS is selling at below book as being out of favor, but seems to be coming back. It is on the NASDAQ. I like their latest report which suggested good sequential quarterly growth for the coming few quarters. Should be in position to cash in from the robust growth in the electronics manufacturing activities. biz.yahoo.com Jan 25, 2000 Ted Shoneck, Quad's President and CEO commented, ``While sales for our first quarter of fiscal 2000 decreased from the previous quarter, the Company's order bookings of $13.5 million represent a 29% increase from the previous quarter. This increase is the third consecutive quarter of order bookings growth and marks the highest level of order bookings the Company has achieved since the fourth quarter of fiscal 1998.' Mr. Shoneck continued, ``In addition, the Company has received significant purchase orders for its new Meridian(TM) Series of products, which have not been included in the order bookings reported for the first quarter. Meridian orders will be included in order bookings once the Company's revenue recognition policies for sales of Meridian products are met.' Mr. Shoneck concluded, ``With Quad's turnaround momentum beginning, we continue to advance our technological capabilities through internal research and development efforts and through strategic partnerships, such as the Meridian Series. We believe these initiatives will enhance Quad's position as customers begin to make more capital equipment purchases in the SMT and APT markets.' Anyone interested in a value tech turnaround story may want do some more DD on QSYS. Their customers include many big names. Check out this "Investors Factsheet" page of their website to see who they sell to: quad-sys.com Rich