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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem -- Ignore unavailable to you. Want to Upgrade?

To: Christopher Brainard who wrote (646)	8/5/1998 8:06:00 PM
From: Clay Takaya	Read Replies (3) \| Respond to of 1540

Chris: At the conference call I heard the following: 1. There were a few semi-hostile questions concerning the tax rate from apparently disappointed analysts. Amenson explained that SG&A jumped due to one-time commission payments, etc.,. in about the same proportion as the tax rate was lowered. Hence, the EPS number is actually valid and in line with the top-line growth. 2. No slowdown in SBS's business. Amenson feels comfortable with the 1999 estimates out there. Feels SBS's stock price is way undervalued based on its future prospects. 3. As previously mentioned, there is going to be a zero-gain situation with the German acquisition as SBS pours all of the profits back into this company to create an SBS European center. By year 2000, Amenson expects great things from Europe. 4. An interesting new point was that Amenson owns stock in Radisys as he believes that this is a good company. He further outlined significant ways in which SBS's business model is different than RSYS. 5. He is going to be presenting to the investment community 2-3 times in the next month although I am not clear as to the vehicles involved. My bottomline take is that this company is doing great and Chris Amenson should get an award for his fantastic, predictable management. I think this company is going to do fine next year and I am not currently planning on selling any of my shares at these undervalued prices. When a company like this is selling at $25/share something is very wrong with our investment community. LOL, Clay