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Technology Stocks : GenRad Inc.(GEN) entering the ADSL market! -- Ignore unavailable to you. Want to Upgrade?

To: Mark K. who wrote (226)	4/17/1998 9:33:00 AM
From: David Mullins	Read Replies (2) \| Respond to of 283

OUCH! Genrad Inc 1Q Net Oper Net 5c/Diluted Share Vs 23c Genrad Inc. - Westford, Mass. 1st Quar April 4: 1998 1997 Sales $49,074,000 $52,500,000 Net income a 8,909,000 b 11,717,000 Avg shrs (basic) 27,395,000 26,221,000 Avg shrs (diluted) 29,621,000 28,106,000 Shr earns (basic) Net income a .33 b .45 Shr earns (diluted) Net income a .30 b .42 a. Include tax benefit of $7.5 million, or 25 cents a diluted share. Operating net was $1.4 million, or 5 cents a diluted share. b. Include tax benefit of $5.4 million, or 19 cents a diluted share. Operating net was $6.3 million, or 23 cents a diluted share. Genrad expressed disappointment at its results but said it is positioned for growth in 1999 and beyond. The company attributed its lower revenues to fewer shipments of ADS diagnostic hardware and EMS broker equipment. The company cited the lower revenues, a shift toward lower- margin products, lower productivity in its EMS services business and higher operating expenses as reasons for its decreased net. Genrad provides hardware, software, inspection systems and services to electronics original-equipment manufacturers.