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Technology Stocks : Dupont Photomasks (DPMI) -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (144)	2/21/1998 3:04:00 PM
From: Duane L. Olson	Respond to of 955

REPORT: DPMI files 10Q with the SEC which reports sales growth. This should be treated as: a. Part of 7 quarters with no sales growth b. A fraud on the part of DPMI QUOTE: RESULTS OF OPERATIONS SALES Sales are comprised primarily of photomask sales to semiconductor manufacturers. Sales increased 4.8% from $64.3 million in the quarter ended December 31, 1996 to $67.3 million in the quarter ended December 31, 1997. Sales in North America and Europe increased from $35.7 million and $14.8 million in the quarter ended December 31, 1996 to $37.1 million and $16.8 million in the quarter ended December 31, 1997. Sales in Asia decreased from $13.8 million in the quarter ended December 31, 1996 to $13.4 million in the quarter ended December 31, 1997. Sales increased 5.9% from $128.5 million in the six months ended December 31, 1996 to $136.1 million in the six months ended December 31, 1997. Sales in North America, Europe and Asia increased from $71.1 million, $30.1 million and $27.3 million in the six months ended December 31, 1996 to $76.5 million, $31.3 million and $28.3 million in the six months ended December 31, 1997. The strength of the U.S. Dollar against the German Mark, French Franc and, in particular, the Korean Won, adversely impacted sales by approximately $4.5 million and $6.5 million in the quarter and six months ended December 31, 1997 and adversely impacted sales growth in the quarter and six months ended December 31, 1997 as compared to the same periods in the previous year. A continued increase in the demand for advanced photomasks, which have higher average selling prices, was a primary contributor to the overall increase in sales during these periods. This shift in demand reflects what the Company believes to be a continued trend toward higher utilization of complex semiconductor devices with finer line-widths. Product mix related average selling price increases contributed approximately 67% and 57% of the revenue growth in the quarter and six months ended December 31, 1997. The balance of the revenue growth came from increased unit volume. dlo

To: jeffbas who wrote (144)	2/21/1998 3:09:00 PM
From: Duane L. Olson	Respond to of 955

PREVIOUS REPORT:...DPMI Reports Sales Growth in SEC 10Q Filing. This should be treated as: A. Part of the Previous 7 quarters of no sales growth B. A fraud on the part of DPMI.. QUOTE: DUPONT PHOTOMASKS INC Filed on Nov 3 1997 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of the financial condition and results of operations should be read in conjunction with the financial statements of the Company and the related notes thereto. Results for interim periods are not necessarily indicative of results for the year. RESULTS OF OPERATIONS SALES Sales are comprised primarily of photomask sales to semiconductor manufacturers. Sales increased 7.1% from $64.2 million in the quarter ended September 30, 1996 to $68.8 million in the quarter ended September 30, 1997. Sales in North America and Asia increased from $35.4 million and $13.5 million in the quarter ended September 30, 1996 to $39.4 million and $14.9 million in the quarter ended September 30, 1997. Sales in Europe decreased from $15.3 million in the quarter ended September 30, 1996 to $14.5 million in the quarter ended September 30, 1997. Sales and sales growth in the quarter ended September 30, 1997 were adversely impacted by the strength of the U.S. Dollar. A continued increase in the demand for advanced photomasks, which have higher average selling prices, was a primary contributor to the overall increase in sales during this period. This shift in demand reflects what the Company believes to be a continued trend toward higher utilization of complex semiconductor devices with finer line-widths. dlo

To: jeffbas who wrote (144)	2/21/1998 3:19:00 PM
From: Duane L. Olson	Respond to of 955

Report: In the May 97 10Q Filing with the SEC, sharp sales growth is reported by DPMI. This should be treated as: 1. Part of the previous 7 quarters of no sales growth. b. A fraud on the part of DPMI QUOTE: DUPONT PHOTOMASKS INC Filed on May 5 1997 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of the financial condition and results of operations should be read in conjunction with the financial statements of the Company and the related notes thereto. Prior to the Company's initial public offering (the IPO) on June 13, 1996, it was a wholly-owned subsidiary of E.I. duPont de Nemours and Company (DuPont). The Company's historical results prior to the IPO are not necessarily indicative of the results that would have been achieved if the Company had been independent and may not be an accurate indication of future results. The pro forma income statement estimates the effects of certain events associated with the IPO as if such events had taken place on July 1, 1995. The pro forma income statement does not purport to represent what the results of operations of the Company would actually have been had certain events in fact occurred on July 1, 1995 or to project the results of operations of the Company for any future period. RESULTS OF OPERATIONS SALES Sales are comprised primarily of photomask sales to semiconductor manufacturers. Sales increased 12.3% from $55.9 million in the quarter ended March 31, 1996 to $62.8 million in the quarter ended March 31, 1997. Sales in North America, Europe and Asia increased from $31.7 million, $14.4 million, and $9.8 million in the quarter ended March 31, 1996 to $35.9 million, $16.1 million, and $10.8 million in the quarter ended March 31, 1997. Sales increased 25.7% from $152.2 million in the nine months ended March 31, 1996 to $191.3 million in the nine months ended March 31, 1997. Sales in North America, Europe and Asia increased from $88.8 million, $37.5 million, and $25.9 million in the nine months ended March 31, 1996 to $107.0 million, $46.2 million, and $38.1 million in the nine months ended March 31, 1997. A continued increase in the demand for advanced photomasks which have higher average selling prices was a primary contributor to the increase in sales during these periods. This shift in demand reflects what the Company believes to be a trend toward higher utilization of complex semiconductor devices with finer line-widths. dlo