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Technology Stocks : PRI Automation (PRIA) -- Ignore unavailable to you. Want to Upgrade?

To: BruSi who wrote (416)	5/14/1998 1:01:00 PM
From: Beltropolis Boy	Respond to of 1214

brusi. thanks for the response; brought up some questions in my mind too. the 10-q's out if you're interested -- a couple of excerpts: PRI AUTOMATION INC files 0329 qtr 10-Q IFN Smart Edgar News - May 13, 1998 19:09 Revenue: Net revenue for the three and six months ended March 29, 1998 was $47.1 million and $112.3 million, respectively, a decrease of 4.3% and an increase of 20.2%, respectively, over the corresponding periods in fiscal 1997. Net revenue for the three months ended March 29, 1998 as compared to the corresponding period in fiscal 1997 was adversely affected by a general slowdown in capital equipment spending in the semiconductor industry and by the Asian financial crisis, both of which resulted in delays in customer orders or postponements of customer deliveries. This was partially offset by recurring business and increased penetration in key markets. The increase in revenue for the six-month period ending March 29, 1998 was primarily attributable to increased domestic demand of the Company's products during the first fiscal quarter ended December 28, 1997. Research and development: Research and development expenses for the three and six months ended March 29, 1998 were $10.3 million and $18.7 million, respectively, representing 21.9% and 16.7% of net revenue, respectively, compared to $6.7 million and $13.0 million, representing 13.5% and 13.9% of net revenue for the corresponding periods in fiscal 1997. The increases in dollar amounts are attributable to the Company's continued investment in new products in anticipation of the expected semiconductor industry transition to 300mm wafers. marketwatch.newsalert.com