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Technology Stocks : Merrimac (MRM) anyone else follow 'em -- Ignore unavailable to you. Want to Upgrade?

To: Liatris Spicata who wrote (89)	3/18/1999 4:16:00 PM
From: 5,17,37,5,101,...	Read Replies (1) \| Respond to of 110

Larry, Oh boy this looks glum, but it was expected really. Management warned. But I always look at cash flow which is very good; and I look at book value; products look good; growth prospects look good despite recent sales slump. Management's explanation that customers are postponing orders seems the real key. Will the orders ever come in and when? Anytime a comp is dependent on large customers, there is the risk of this happening. I am bracing for more downside based on this earnings release, with no idea where bottom will be. I see Dimensional Fund reduced holdings by 2000shares; Witter increased shares by 12,000. Jackson

To: Liatris Spicata who wrote (89)	3/19/1999 1:25:00 PM
From: geoffrey Wren	Respond to of 110

I wonder if this is why we are down 1 point today. It seems we will have a right to purchase another share at $25 under certain circumstances. Am I right to understand this will trade separately like a warrant? This is the record date, but I cannot believe it is worth anything like $1. Shareholder Rights Plan On March 5, 1999, the Board of Directors of Merrimac Industries, Inc. (the "Company") approved a shareholder rights plan and declared a dividend of one common share purchase right (a "Right") for each outstanding share of common stock, par value $.50 per share (the "Common Stock"), of the Company. The dividend is payable on March 19, 1999 (the "Record Date") to the shareholders of record as of the close of business on that date. Each right will entitle the holder to purchase from the Company, upon the occurrence of certain events, one share of Common Stock for $25.00 (the "Purchase Price"). The terms and conditions of the Rights are set forth in a Rights Agreement dated as of March 9, 1999 between the Company and ChaseMellon Shareholder Services, L.L.C., as Rights Agent (the "Rights Agreement"). Prior to the Distribution Date (as defined below), the Rights will be evidenced by the certificates for and will be transferred with the Common Stock and the registered holders of the Common Stock will be deemed to be the registered holders of the Rights.