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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (16030)	12/31/2002 5:31:30 PM
From: Stock Watcher	Read Replies (1) \| Respond to of 78702

Dave: on INVN very bullish outlook for 03': "Shares in InVision Technologies (INVN: news, chart, profile) rose $4.44, or 19 percent, to close at $27.41 after the maker of explosives detection equipment raised its targets for fourth-quarter profits and sales. InVision cited higher equipment demand from the U.S. government. The company has continued to benefit from greater demand for bomb detection equipment, especially at airports, since the Sept. 11 terrorist attacks. "Going forward, we anticipate that airports throughout the country will implement plans to integrate baggage screening equipment into the baggage handling systems, which we foresee will improve security, passenger convenience and throughput," the company said in a statement. Management said it expects fourth-quarter earnings of at least $1.60 a share, on sales of at least $160 million. Analysts polled by Thomson First Call had expected the company to earn $1.38 a share, on sales of about $144 million. InVision left unchanged its 2003 earnings and sales targets. Analysts expect earnings of $3.33 a share next year, on sales of about $406 million. Mike Tarsala is a San Francisco-based reporter for CBS.MarketWatch.com. 12/16/02" PE:11, cash: $112M cash, 31% short position "INVN develops, manufactures, markets and supports an explosive detection system for civil aviation security based on advanced CT Tech. For the nine months ended 9/29/02, revenues totaled $218.7 million, up from $51.3 million. Net income totaled $33.9 million, up from $680 thousand. Revenues reflect increased systems and related accessories orders from the FAA and TSA. Higher income also reflects a more favorable sales mix and improved manufacturing efficiencies." chart ascending: finance.yahoo.com "On Monday, the bomb-detection company's stock jumped 19.3% to $27.41 after InVision raised its profit outlook for the fourth quarter to $1.60 a share thanks to increased demand for its explosive-detection system, or EDS. Back in October management told Wall Street to look for earnings closer to $1.30 a share. InVision's top line should also expand. The Newark, Calif., security outfit upped its revenue projection for the final quarter of the year to $160 million from the $140 million it forecast back in October. Meeting the target would represent an impressive 37% increase over third-quarter levels. Looking ahead to 2003, management reiterated its expectation of $400 million in sales based on its current backlog and anticipated new orders. While the federal government has mandated explosive-detection screening at all airports, InVision said an extension of the deadline to get these systems in place could affect the timing of order deliveries. InVision, one of the biggest corporate beneficiaries of the war on terrorism, has seen its stock rise 784% since the Sept. 11 attacks. The company makes a Federal Aviation Administration-certified explosives-detection system that supports the Transportation Security Administration's mandate to improve security throughout the nation's 429 commercial airports. In addition, InVision plans to introduce next year a prototype for a new hybrid system that significantly reduces the number of false positives rendered by existing technology. 12/16/02"