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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Bilberry who wrote (7211)	12/19/1998 9:49:00 PM
From: Bilberry	Read Replies (1) \| Respond to of 9695

Here is an interesting article on JMAR Semiconductor: A service of Semiconductor Business News, CMP Media Inc. Story posted 5:15 p.m. EDT/2:15 p.m. PDT, 11/6/98 Semiconductors contribute to JMAR's profitability SAN DIEGO -- A reorganized semiconductor subsidiary achieved profitability for the first time, helping JMAR Technologies Inc. here to report a record sales for third quarter of 1998, ended Sept. 30. Revenues for the quarter were $5.8 million compared with $5.6 million for the same period of 1997. Net income from operations rose 24% to $324,000, or $0.02 per share, compared with $261,000 for the prior-year period. Pretax income for the 1998 quarter was $302,000, an increase of 28% compared with the $235,000 reported for the 1997 quarter. The company attributed the improved quarterly revenues to an increase in sales related to its semiconductor products and lithography equipment development, partially offset by a drop in demand from the computer industry for its precision measurement and positioning products. "This was a very good quarter for us," said John S. Martinez, JMAR chairman and CEO. "First, we set a new record for quarterly bookings with $23 million in new sales orders including $13 million from DARPA for X-ray lithography systems. Almost all of that $23 million is expected to translate into revenues that should generate profits before the end of 1999." JMAR Semiconductor established a solid foundation for continued profitable growth in both the government and commercial markets, Martinez said. During the third quarter it received contract awards of $1.5 million from TRW Inc. for development and delivery of new microcircuit devices, and $4.3 million from General Dynamics Information Systems for ICs and related wafer-fabrication capabilities. "JMAR continued to perform very well in spite of the uncertainties produced by the worldwide financial downturn," Martinez said. "In fact, the third quarter was our tenth consecutive profitable quarter."