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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: scuttlebut who wrote (20203)	12/21/1998 6:28:00 PM
From: kendall harmon	Respond to of 120523

AVTC is the stock I would like to commend to the list tomorrow. The chart looks terrific, with the stock above its 50 day and 200 day line, and moving up today to an all time high. 4th quarter earnings are supposed to be wonderful

To: scuttlebut who wrote (20203)	12/21/1998 8:11:00 PM
From: manny t	Respond to of 120523

Scuttlebut, Don't forget that new management is responsible only for the last two quarters.That is why comparison of this quarter to last quarter is more relevant.The sequential revenue growth of 19% and PC unit growth of 21% is not as high as Dell,but it is significant for a company that is first building name recognition in the U.S. PC market. The beautiful thing is,that MUEI also decreased PC inventories to 25.2 million dollars,or seven days of inventory (DSI) compared with 11 days in the fourth quarter.Based on current sales,this is an inventory turn of 46.8 turns per year,which is up from 33.4 turns in the fourth quarter of fiscal 1998.This allows the company to control the cost of goods purchased,because MUEI can reduce the sales price of their computers within 7 days(depletion of inventory)of any reduction in costs of raw material. Now with MUEI's chance of having a full quarter's use of the bigger sales force,the Micron University web site,(which will be a big money saver for big corporations)and increased advertising to to spread the MUEI name,the best is yet to come. MUEI now has the right management,led by Joel Kocher,to realize the full potential of this great technology company. Overall,I am very satisfied with the progress so far. Manny T.