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Technology Stocks : Microdyne (MCDY) -- Ignore unavailable to you. Want to Upgrade?

To: Lee Kennedy who wrote (297)	10/30/1997 8:16:00 PM
From: Ralph LaSardo	Read Replies (1) \| Respond to of 414

Lee, I know that you have been very positive on MCDY and I believe this quarters earnings, makes you look right on the mark. Revenue for the quarter was up 34%, this is very encouraging. both business segements are growing, with aerospace the leading component. Selling expenses were up 25%, indicative of managements ability to control cost. The tax loss carry forward is another + for this and for preceeding quarters. I am a bit concerned with the 36% increase in cost of production. this tells me that the company does not have much pricing power. We need going forward to have some inovatative products that are protected by patents. The R&D expenditures were up 14%. Technically the stock has been above the simple moving average since July and has seen a high of 8.25 in the last 6 months. Volume on the stock in the last few weeks have been above average as well. As long as the market doesn't tank I think we should be testing the highs in the next few trading days. if earning were to remain flat for the year the company would earn .64, at current price that is a P.E of about 11. Does anyone know what the industry P.E is?