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Technology Stocks : Nam Tai Elec. (NTAI) -- Ignore unavailable to you. Want to Upgrade?

To: j rector who wrote (1250)	3/16/1998 6:02:00 PM
From: David Seltzer	Read Replies (1) \| Respond to of 1696

I listened to the conference call,and tried to ask some questions.I think that the company was not taking calls from private investors. Anyone else have the same experience? Questions I was going to ask? 1.Backlog at the end of the quarter? 2.How much of the improvement in gross margin is due to the decrease in raw materials? 3.Can we be assured that officers and directors of the company are not selling at the same time that the company is buying back shares? 4.To what extent does lack of a permanent CFO hinder your acquisition plans? Could someone please summarize the conference call? I had trouble understanding Mr. Koo. David

To: j rector who wrote (1250)	3/16/1998 6:17:00 PM
From: Bill Li	Read Replies (2) \| Respond to of 1696

1. NTAIF has a cash of $9.13 per share, at $16, you pay only $ 6.87 per share (16-9.13). Take off the one time gain, the stock still has a EPS of $ 2.00 for 1997, which gives us a trailing PE 0f 3.43. 2. 4Q for 97 has a flat sale, but the operating income increased by 44% from $2432T to $3503T while cost of sale decreased from 24m to 22.6 m, and SGA expense from $3.17 to$3m. The only expense increased is RD from$ .291m to $ .835m, which should be viewed as possitive. 3. The co has a very strong financial position, esp. the 100m cash. In time like this in Asia, it will work to the advantage of the co. 4. The last few months, the co has been trying to do things for the share holders, like share repurchasing , holding conference call, arranging analysts tour to the co, communicating to the shareholders thru email. 5. I think this Q's statement is much clearer than before though there is still some details lacking.

To: j rector who wrote (1250)	3/16/1998 6:23:00 PM
From: DanD	Respond to of 1696

Hey guys, Look at the whole year. Nam-Tai has never been consistant quarter to quarter, but 19 mil from operations for FY97 beats the hell out of 8.5 mil for FY96. That is real earnings. The other 11 mil is gravy from some guys who seem to know when to sell an asset, and now they have another 100 mil to invest! I would like to see higher sales than the previous 96 4th quarter, but beating the previous years earnings performance is not to shabby. The real question is, is this growth, ~20% sales ~100% earnings, going to continue. I would have liked to seen some statements to that affect. Based on the analyst views earlier this year the projected earnings for the company was $2 a share. The actual is somewhere around $2.40 using 8 million as the # of shares from the beginning of the year when the predictions where made. To me that is called "Beating Expectations"!! One can argue that the earnings are diluted by the new number of shares from the offering, but doing so you would discount all that beautiful green stuff that the company has aquired this year $102,411,000 vs 17,741,000 = $84,670,000 or $7.7 per share with 11 million shares outstanding (soon to be 10 million outstanding). One thing that isn't mentioned is the fact that if the stock value stays relativly low and cash position high. This sucker is a real 1980's style leverage buyout candidate. some one only has to come up with about 7 bucks a share to buy it. Anyone wanna form a corporate raider wing of SI :) Dan D