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Technology Stocks : INVX Innovex Comdex Winner !! -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (1997)	1/6/1998 2:46:00 PM
From: Box-By-The-Riviera™	Respond to of 3029

Given that management, as far as I am aware, has issued nothing contrary to this press release re: the first qtr....and even discounting growth 5%, a 12-15 p/e is fundamentally justifiable IMO, particularly given the story on profit margins, expectation of a halt to the bleeding in the software division (worth at least a penny per share per qtr), etc etc. 12/15 p/e would still be on the conservative side.That and the consistent integrity in the behavior of the management team to date....from which I do not see them departing at this point (or shall I say, I cannot imagine it). A fair value price would be 28 I still believe...and perhaps higher given continued stability in their outlook, market share, margins and expectations re: new product development. given last year's qtr..... plus 15% growth.... .48 +/- .01 would give me continued confidence. Joel Innovex (NASDAQ:INVX) sees Q1 gains of 20-25 percent Reuters, Tuesday, November 04, 1997 at 09:09 HOPKINS, Minn., Nov 4 (Reuters) - Innovex Inc said Tuesday it expects revenue and net income results for its fiscal 1998 first quarter to be 20 percent to 25 percent higher than those of first quarter 1997. In its fiscal 1997 first quarter ended December 31, 1996, the company reported earnings of $6.3 million or $0.42 a share and revenues of $29.3 million. Looking forward to fiscal 1998, Innovex said it expects an overall unit volume growth rate that will parallel the 20 percent to 25 percent projected by industry analysts for the disc drive industry as a whole. Earlier today, Innovex reported its fiscal 1997 fourth quarter earnings rose 101 percent from the same period a year ago to $7.8 million or $0.51 per share. Fourth quarter revenues increased 44 percent to $32.3 million. Revenues grew due to the company's ability to capitalize on the disc drive industry's transition from thin film inductive to magneto-resistive (MR) recording heads in order to meet demands for higher storage capacity, it said. While overall market growth in the disc drive industry rose 20 to 25 percent range, there was significantly higher growth in MR head production as a result of this transition, it said. As a provider of lead wires for MR heads, Innovex said it benefited directly. By year end, over 65 percent of the lead wires shipped were for MR heads. Innovex makes electrical components for the computer electronics and medical instruments markets, and develops computer software.

To: Box-By-The-Riviera™ who wrote (1997)	1/6/1998 2:48:00 PM
From: Eric Nelson	Read Replies (2) \| Respond to of 3029

Everytime INVX starts to get a little momentum, somebody else in the sector comes out with bad news. If INVX were to come out with a pre-earnings warning was is the typical time frame prior to the actual earnings announcement? Eric