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Microcap & Penny Stocks : All American Semiconductor (semi) -- Ignore unavailable to you. Want to Upgrade?

To: Harold Feller who wrote (813)	12/21/1998 11:11:00 PM
From: Harold Feller	Read Replies (1) \| Respond to of 952

Repton news story under SEMI symbol on the wire today. The ole REPT anchor and tax selling is brutal. Happy holidays all, and may SEMI perform well next year. Hard to believe that another year has passed so so quickly. Anyone know what happened to Arthur Tang? (COMTEX) B: REPTRON ELECTRONICS, INC. ANNOUNCES EXPECTATIONS FOR FOUR B: REPTRON ELECTRONICS, INC. ANNOUNCES EXPECTATIONS FOR FOURTH Quarter and Year-End Results and Intent to Take Non-Recurring Charge TAMPA, Fla., Dec. 21 /PRNewswire/ -- Reptron Electronics, Inc. (Nasdaq: REPT) today announced its expectations for the Company's financial results for the fourth quarter and fiscal 1998 year ended December 31, 1998. The Company also indicated its intent to take a non-recurring and tax-deductible charge by the close of the fourth quarter. The Company expects revenues for the fourth quarter to be in the range of $78 to $81 million, an increase from the fourth quarter of 1997, as well as an increase from the third quarter of 1998. The Company expects to report an operational loss for the fourth quarter ranging from $0.24 to $0.28 per share. Cash flow from operations (EBITDA) is expected to range from $2.5 to $2.8 million for the fourth quarter. Overall Reptron expects to report revenues in the range of $300 to $303 million for fiscal 1998. Reptron also intends to take a non-recurring and tax deductible charge of approximately $8 million to $10 million before the close of the fiscal year. The charge will reflect costs related to the aborted All American Semiconductor, Inc. transaction, costs related to the write-off of capitalized costs attributable to certain manufacturing customers, bad debts and inventory write-downs due to deleted product lines and price erosion experienced by the industry. The Company expects the charge to result in an additional loss of $0.78 to $0.98 per share. The charge is expected to create a tax refund of approximately $3 to $4 million. Paul J. Plante, Chief Operating Officer, commented, "During 1998, we have spent considerable time and resources in building our company, staffing key industry talent and streamlining our operations. We are beginning to see the benefits of these efforts and the fourth quarter operating results are expected to show sequential improvement. We expect this trend to continue through 1999. The past year was a difficult one for both Reptron and the semiconductor industry, but we believe the structural and personnel changes we have implemented should allow us to compete profitably in this environment." Reptron Electronics, Inc. is a leading electronics company providing both value-added distribution of electronic components and targeted contract manufacturing services through its two divisions, Reptron Distribution and K-Byte Manufacturing. Reptron Distribution is authorized to sell over 60 vendor lines of semiconductors, passive products and electromechanical components. K-Byte Manufacturing focuses on establishing primary or sole source relationships with OEMs in a wide variety of industries that require complex circuit board assembly in low-to-medium volume production runs. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain of the above statements contained in this press release, are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: business conditions and growth in the Company's industry and in the general economy; competitive factors; risks due to shifts in market demand; risks inherent with predicting revenue and earnings outcomes; uncertainties involved in implementing improvements in the manufacturing process; uncertainties regarding potential tax refunds, uncertainties regarding application of accounting principles; the ability of the Company to complete acquisitions; and the risk factors listed from time to time in the Company's reports filed with the Securities and Exchange Commission as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements. SOURCE Reptron Electronics, Inc. -0- 12/21/98 /CONTACT: Michael Branca, Chief Financial Officer of Reptron Electronics, 813-854-2351; or Investors - Richard Schineller or Victor Shalom, 212-850-5600, or Media - Lee Foley or Hud Hellman, 212-850-5600, all of Morgen-Walke Associates, Inc., for Reptron Electronics/ (REPT) CO: Reptron Electronics, Inc. ST: Florida IN: CPR SU: ERP * end of story *