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Technology Stocks : CABLE DESIGN TECHNOLOGIES (CDT) -- Ignore unavailable to you. Want to Upgrade?

To: Bluestryp who wrote (96)	9/20/2000 5:53:57 PM
From: Bosco	Read Replies (1) \| Respond to of 107

Hi Eugene - now I am not too concerned about the shelf offerings. Q Release is out. Very encouraging biz.yahoo.com some noteworthy excerpt reported record net income for the fourth quarter of fiscal 2000 of $17.4 million, or $0.39 per diluted share... Ken Hale, CDT chief financial officer said, ``Due to our strong cash flows and improvement in days sales outstanding and inventory turns, we were successful in reducing our debt by $52 million during fiscal year 2000. Our net debt to total capitalization ratio, a key statistic on which we focus, is down to 32% versus 45% a year ago... ``We pride ourselves on our product development and engineering groups. Every three years, approximately 30% of our products are new.... In addition to new passive components, high-speed central office cable was introduced more than a year ago and has generated an impressive amount of new orders,'' said Olson... He continued, ``During the year we expanded our board of directors with the addition of Ferdinand Kuznik, President of Motorola in Europe, the Middle East and Africa, and Lance Balk, a partner specializing in mergers and acquisitions with the international law firm Kirkland and Ellis... ``Based on current business conditions, the Company is comfortable with a range for estimated first quarter fiscal 2001 earnings per share of $0.32 to $0.36 and a range for estimated fiscal year 2001 earnings per share of $1.33 to $1.49. Factors considered in providing this range of estimated results included: the current strength in demand for our products, the expectation of moderate price increases for certain raw materials, a constrained supply for single mode fiber optic glass conductor and for the ferrules used for fiber optic connectors, an increase in SG&A expense associated with the establishment of our European and Fiber Optic management groups, and the fact that the principal customer for our wireless assembly operations has shifted its business (representing approximately $8.5 million in sales per quarter) to an overseas contract manufacturer. In order to mitigate the effect on its assembly business, the Company plans to redirect certain of its in-house higher cost European assembly functions to this U.S. facility and believes it will be successful in attracting new business for this highly skilled assembly operation.''... This looks good to me, so my guess is that CDT should have attractive rate [debt] or favorable PO [equity] should she want to acquire additional capital for expansion purposes best, Bosco best, Bosco