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Technology Stocks : Invision(INVN)going which way? -- Ignore unavailable to you. Want to Upgrade?

To: Wolff who wrote (454)	12/18/2001 12:12:13 PM
From: Wolff	Respond to of 558

InVision Tech shares fall on capacity concerns Reuters Company News - December 18, 2001 11:50 NEW YORK, Dec 18 (Reuters) - InVision Technologies Inc. shares slumped for a second straight day Tuesday on investor concerns it would be hard pressed to meet government demand for its bomb-detection gear without costly outsourcing. The company's stock, which has enjoyed a recent run-up and was trading as high as $47.09 on Friday, fell more than 15 percent, to $31.85 on Tuesday. "They will have to outsource their manufacturing in a very large way," said Thomas Kee of San Francisco-based Stock Traders Daily. "Speculative traders didn't hear that," he said, referring to the stock's recent run up. The government's order is expected to be for about 1,800 to 2,000 units. At current capacity, InVision can produce about 5 to 10 units per month. "They could ramp that up to 50 units per month in nine months time," added Kee. InVision has also benefited from concerns that its main rival, L-3 Communications Holdings Inc. , was experiencing glitches with bomb detection technology, making InVision's the only functional technology now, said the analyst. Copyright 2001 Reuters Limited