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Technology Stocks : EXABYTE -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (203)4/7/1999 1:45:00 PM
From: wbASSETt  Read Replies (1) | Respond to of 218
 
EXBT - Exabyte, buy now or pay later

Several facts convince me that EXBT will start climbing soon.
1. While '98 sales declined, it was due to sheading under-performing products
2. Sales will rebound with MAMMOTH in 3rd Qtr.
3. Gross margin in now @ 27.5% (up from 14%)
4. Operating Expenses were reduced by 13%
5. Inventories reduced by 39%
6. Cash balance UP by 46% ($70MM)
7. Re-organization into business units, complete
8. Increased sales presence abroad, Japan, Australia & Latin America
9. Focused on new R&D @ 10% of sales

wbASSETt