Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: wlcnyc who wrote (97954)	11/6/2003 4:06:45 PM
From: Findit	Respond to of 208838

Bill just added to my position in CPSX at .40. ER came out today with flat earnings. They supply wireless companies which are real hot now. Could be CPSX can follow onto their coattails. Word or warning, most days it does not trade at all. When it gets hot though a double or triple may be possible. Jim CHARTLEY, Mass.--(BUSINESS WIRE)--Nov. 6, 2003--Ceramics Process Systems Corporation (CPS) (OTC Bulletin Board: CPSX - News) today announced net income of $7 thousand or $0.00 per basic and diluted common share, on revenue of $868 thousand for the fiscal quarter ended September 278, 2003. This compares with a net loss of $(362) thousand, or $(0.03) per basic and diluted common share on revenue of $482 thousand for the fiscal quarter ended September 28, 2002. Grant Bennett, President, said: "Q3 2003 revenues increased 80% over revenues from the same period a year ago. We are encouraged by indications from our customers that underlying demand is increasing, however we expect to see continued quarter-to-quarter volatility as most OEMs push short-term inventory management down to component suppliers such as CPS. An additional key to our future growth is the rate at which customers introduce new products containing our components; we believe this rate is beginning to increase after two years of relatively few new product introductions. Our Q3 2003 results also reflect on-going cost reduction and cost management actions which will continue to bear fruit in future quarters." CPS develops, manufactures and markets advanced metal-matrix composites for housing and providing thermal management of high-density electronics. The Company's products are primarily used in high-density microprocessor assemblies, wireless basestations, motor controllers, and satellite communications. This release may contain forward-looking statements as that term is defined in the Private Securities Reform Act of 1995. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to, fluctuations in customer demand and changing general economic or business conditions or a further downturn in the electronics industry.