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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?


To: Crossy who wrote (2885)11/20/1998 4:27:00 PM
From: Iris Shih  Read Replies (1) | Respond to of 37387
 
Needham & Co upgrades issue from "hold" to "buy," based on "clear indication that bookings
have bottomed" as evidenced by latest book-to-bill information and acknowledgment that the
company represents 40% or more of all U.S front-end bookings.
BILLERICA, Mass.--(BUSINESS WIRE)--Nov. 19, 1998--PRI Automation, Inc. (Nasdaq: PRIA - news), the leader in
semiconductor factory automation, today reported financial results for the fourth quarter and fiscal year ended September 30, 1998.
PRIA:''Our results for the fourth quarter and the fiscal year reflect the impact of the prolonged downturn in the industry,'' noted Mitch
Tyson, president and chief executive officer, PRI Automation. ''But we believe that this may be the bottom of the cycle and that
business conditions are beginning to improve.''