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Microcap & Penny Stocks : AVTI - Accord Semiconductor Equipment Group -- Ignore unavailable to you. Want to Upgrade?

To: Norrin Radd who wrote (53)	3/31/2000 10:10:00 AM
From: Dave Gore	Read Replies (1) \| Respond to of 92

10Q is out: Sales and profits up smartly in 1999 over 1998 Some selected info from the 10Q. ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERS (a) Market information. The company's common equity is traded on the Over the Counter Market (OTC BB). The high and low sales prices for each quarter are as follows: Quarter High Low Close ------- ---- --- ----- 12/31/97 5 1/4 4 3/4 5.00 3/31/98 4 3/8 3 5/16 4 1/8 6/30/98 5 1/8 2 5/8 2 7/8 9/30/98 15.00 6.35 9 3/8 12/31/98 1 7/16 1/2 3/4 3/31/99 1/2 1/8 1/8 6/30/99 3/8 1/16 .11 9/30/99 .25 .062 .125 12/31/99 1.00 .10 .10 RESULTS OF OPERATIONS COMPARISON OF 1999 TO 1998 Sales increased from $3,940,000 for the year ended December 31, 1998 to $5,917,000 for the year ended December 31, 1999, an increase of $1,977,000 or 50%. The sales increase is mostly attributable to a large sale to a single customer in 1999 for approximately $2,500,000. The Company believes that demand for its products and services increased in late 1999 as there was a recovery in the semiconductor industry. The gross profit increased from $1,075,000 in the year ended December 31, 1998 to $2,234,000 in the year ended December 31, 1999, an increase of $1,159,000 or 108%. The gross profit margin increased to approximately 38% in 1999 from 27% in 1998. The Company's gross profit margins are subject to volatility because of the factor that each contract is unique and the cost of the basic tool or piece of equipment for remanufacturing may vary significantly depending on availability.