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Technology Stocks : ELECTROGLAS -- How far can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Jim Whelan who wrote (649)	12/18/1998 1:33:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 1070

Why EGLS wasn't invited to the party today: ELECTROGLAS (13-1/16, delayed open) announced that due to the continuing severe downturn in the worldwide semiconductor capital equipment industry, it expects financial results for the 4Q 1998 will be below Wall Street analysts' estimates. Revenues are anticipated to be in the $14-15 mln range, below the $44.1 mln recorded a year ago and below the $22.5 mln recorded in the immediate prior quarter. The Company also expects that as a result of the lower than expected revenues, its net loss per share for the quarter will be greater than the current First Call consensus estimates of $0.27 per share. In addition, the Company expects to take a one-time charge in the range of $9 to $10 mln for impaired technology and intangibles relating to previous acquisitions.