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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: oaktownaj who wrote (7149)	2/22/2002 8:30:38 PM
From: BW	Respond to of 48461

AJ, re FTEC - I sold half my core a while back for about 50%, I was tempted to buy a bit back the other day. I'm comfortable holding them for now. the Q sounded alright to me, here's the sketchy bits: Product revenues decreased 16% in 2001 due to a general slowdown in economic activity in the Company's principal markets, New York City and Dallas. In addition, the events of September 11th delayed work on several projects involving New York City Transit Authority and reduced tenant revenue as tenants relocated out of New York City, consolidated into existing space uptown or moved into space in "move in" condition that had been abandoned or offered for sublease by "dot-com" casualties. -------- and I think this is promising but cautious The increase in order position since September 30, 2001 reflects new orders for shipment commencing later in the fiscal year and includes $2.2 million of recent orders for communication and announcement systems from several railcar manufacturers that will be shippable over the next 24 month period. While quotation activity is brisk, there is no assurance when orders will be received and whether the order position will increase. Due to the fact that the Company's products are sold and installed by customers as part of their larger construction or mass transit projects, there is typically a delay between the booking of the contract and its revenue realization. The order position includes and the Company continues to bid on projects that might include significant subcontractor labor, and expects to be active in seeking orders where the Company would act as a prime contractor seems to me that ratdogman is the FTEC expert, I'd like to hear his thoughts once he digests the Q. Boyd