To: orkrious who wrote (21265 ) 3/5/1999 3:04:00 PM From: Mani1 Respond to of 25960
Long time CYMI holders should remember JMAR. I still think that it is at least 6 years away from being an "issue". But jut for fun, ************************************ JMAR Technologies Expects Record Revenues for 1998 Year and Fourth Quarter SAN DIEGO--(BUSINESS WIRE)--March 5, 1999--JMAR Technologies Inc. (NASDAQ NM:JMAR - news) pre-announced its sales revenues for the year and quarter ended Dec. 31, 1998. In a presentation delivered today at the Red Chip Review Investor Conference in Seattle, JMAR Chairman and Chief Executive Officer John S. Martinez, Ph.D., said that although the company's 1998 results have yet to be finalized, he anticipates JMAR's sales revenues for the year ''will exceed $24.5 million compared with $21.5 million for the year ended December 31, 1997.'' Martinez added, ''As the result of the receipt of $26 million in orders during the second half of 1998, primarily from our semiconductor-related business, sales in the fourth quarter of 1998 rose to about $8.4 million -- a gain of 65% over the $5.1 million reported in the fourth quarter of 1997 and 35% higher than the sales level in any other quarter in JMAR's history.'' Martinez continued, ''With the growing momentum in our semiconductor business and anticipated expansion of our X-ray lithography and Britelight(TM) laser programs, we look for sales revenues to increase by about 40% in 1999 to more than $34 million, assuming demand for our precision instruments remains consistent with forecasts. ''1998 is expected to produce the second highest operating profit in JMAR's history. However, it will be below 1997's profits due to a combination of factors, including a steep decline in sales of our precision instruments to the computer industry resulting, in part, from the economic downturn in Asia. In 1998, this decline in sales was more than offset by the rapid expansion in our semiconductor-related business. However, profits were lower as a result of substantial business expansion costs, the shift in sales from our historically higher gross margin instrument business and the front-end costs associated with the addition of eight senior industry specialists to our staff during the second half of 1998.'' ************************************* Is it time to get interested in JMAR? I think its too early to get interested in any replacement for DUV just yet. Mani