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Gold/Mining/Energy : Image Processing Systems (IPV-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Factfinder who wrote (469)	10/29/1998 12:29:00 PM
From: Gofer	Read Replies (1) \| Respond to of 658

Second quarter results are due out next week. I'm keen to see how bad (good?) they are. If you think the results will be good, I think now is the time to buy some shares. If you think they'll be bad wait a couple of weeks. The key will not be sales (which should be up from Q1) but if they can increase the gross margins. Personally, I think we'll have to wait for Q3 to see better margins. Weren't they still shipping some old TMC contracts in Q2? Order backlog is around $23 million now with more deliveries scheduled for Q4 than Q3. Their low sales objective for FY99 is $32 million. Summary of recent press releases: Recent Awards $million Division Announced Backlog 98-10-28 1.1 TMC 98-10-26 1.1 IPV 98-10-22 1.4 IPV 98-10-20 2.7 IPV 98-10-19 1.7 IPV over 23 98-09-11 0.6 TMC 98-08-10 1.9 TMC 14.7 98-08-04 1.6 TMC total 12.1