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To: molemania who wrote (23497)	3/20/2007 1:15:11 PM
From: Sergio H	Respond to of 23958

From my memory, the slide in earnings was as forecast. I have to go back and read my notes.

To: molemania who wrote (23497)	3/20/2007 5:47:28 PM
From: Sergio H	Read Replies (1) \| Respond to of 23958

Confirmed that the earnings came in as forecasted. A research note from ealier today: <RF Industries announced preliminary Q1 (January) results. The company missed the official S.E.C. deadline due to complications in figuring out its non cash stock option expense. Final figures are promised within five days. As expected, sales declined 7% to $3.15 million. Fully taxed earnings, excluding option costs, were unchanged at $.07 a share. Sales volume was affected by inventory adjustments that occurred throughout the wireless industry. Demand appears to have rebounded in the current (April) period. The BioConnect division is continuing to outpace the core business and promises to generate additional leverage. The company's other high potential unit, NeuLink, has gained a groundswell of interest with its new low cost digital modem line. The company is customizing the technology to address several high volume applications, including remote irrigation systems and utility meter reading. The digital modem business has developed more slowly than anticipated but still offers huge potential as the machine to machine communications market reaches maturity. RF Industries has accumulated growing cash reserves over the past year. Acquisitions may be pursued to accelerate earnings growth. The delayed S.E.C. filing caused the stock to trade lower this morning. The mathematical computations required to complete the submission should be completed within the next few days. Cash flow is unaffected. The outlook remains bright. Our advice is to take advantage of the sell-off and increase positions.>