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Technology Stocks : PRI Automation (PRIA) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (1133)	4/2/2001 2:38:47 PM
From: Alan Gallaspy	Read Replies (1) \| Respond to of 1214

Morgan Stanley thinks PRI has hit bottom. PRI Automation (PRIA-$17-O) F2Q01 Negative Pre-Announcement Jay Deahna/Steven Pelayo F2Q01 rev to be $84-86MM. Our forecast was $100MM and guidance was $100-105MM. EPS loss to be $0.40-0.45. Our forecast was $0.20 and guidance was $0.15-0.20. Push outs, cancellations and plant transition drive negative leverage. PRIA is ramping a new plant and received deferral requests on initial products. We maintain our Outperform rating. We believe a bottom may have been reached. At $14, PRIA hit 1.1x trailing 12-months sales per share, in-line with the all-time low from 1998.