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To: articleman who wrote (176)	1/16/2001 10:32:04 AM
From: Jeffrey Beckman	Respond to of 120411

Missle defense: NOIZ had some recent news of military applications/contracts. biz.yahoo.com

To: articleman who wrote (176)	1/16/2001 10:57:41 AM
From: GARY P GROBBEL	Read Replies (1) \| Respond to of 120411

artman...almost universally unknown...mpad...one of few companies in the US that manufactures 'space rated' products for outer space...plus they make very good money...see last 10q...3.3m shares outstanding and $3.7m cash on hand...trades infrequently but when people notice it the stock will become at least a mini htek imo: Micropac Industries, Inc. (Micropac) manufactures and distributes various types of hybrid microcircuits and optoelectronic components and assemblies. The Company's products are used as components in a broad range of military, space and industrial systems, including aircraft instrumentation and navigation systems, power supplies, electronic controls and computers and medical devices. The business was started in 1963 as a sole proprietorship, and subsequently on March 3, 1969, the Company was incorporated under the name of "Micropac Industries, Inc." Micropac's products are either custom (being application specific circuits designed and manufactured to meet the particular requirements of a single customer) or standard, proprietary components such as catalog items. Custom-designed components are estimated to account for approximately 50% of Micropac's sales for the fiscal years ended November 30, 1999 and 1998; standard components are estimated to account for approximately 50% of the Company's sales for the fiscal years ended November 30, 1999 and 1998. In 1999, the Company's investment in technology totaled approximately $623,000 ($713,000 in 1998). Micropac's research & development expenditures were directed primarily toward long-term specific customer requirements, some of which have future potential as Micropac proprietary products, and product development and improvement associated with the Company's space level and other high reliability programs. Micropac's products are marketed throughout the United States and in Western Europe, through a direct technical sales staff, independent representatives and independent stocking distributors. Approximately 8% of the sales for fiscal year 1999 (10% in 1998) were to international customers. Sales to Western European customers are made by independent representatives under the coordination of the Company's office in Bremen, Germany. The Company's major customers include contractors to the United States government. Sales to these customers for Department of Defense and National Aeronautics and Space Administration contracts accounted for approximately 72% of the Company's fiscal net sales in 1999 compared to 80% in 1998.