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

To: Falstaff who wrote (7728)	4/6/1999 4:14:00 PM
From: MRothaus1	Respond to of 9695

JMAR could be down because of 2 very negatively worded paragraphs in the 10-K, page 19, released March 31: Due to continued decreases in revenues of the Company's Precision Systems Segment, profits in the first quarter of 1999 will be less than revenues and profits in the fourth quarter of 1998. The Company's ability to forecast orders for its precision instrument products in its Precision Systems Segment continues to be somewhat limited due to continuing marketplace uncertainties. In addition, certain of the Company's revenues are from a limited number of customers. As a result, the timing of receipt and shipment of orders for those customers could have a material impact on quarterly results in 1999. Gross margins for the fiscal years ended December 31, 1998, 1997 and 1996 were 37.4%, 41.1% and 41%, respectively. The lower gross margins for 1998 are primarily due to a steep decline in sales of the Company's higher margin precision instruments for the computer industry the build-up of expenses associated with the rapid increase in the Company's semiconductor-related business, competitive pricing pressures on certain products and higher engineering costs related to the customization of certain products for new applications. These decreases were offset in part by lower material costs due to higher volume purchases of inventory related to certain product orders and cost reductions in the manufacturing process. The Company continues to experience competitive pressures on certain products, which may impact gross margins in the future. In addition, to the extent that the Company's rapidly expanding semiconductor-related business continues to represent a higher percentage of the Company's revenues, the Company's margins are expected to be lower in the first quarter of 1999 and could be lower for some time thereafter.

To: Falstaff who wrote (7728)	4/6/1999 5:29:00 PM
From: Starlight	Read Replies (1) \| Respond to of 9695

There are many reasons why stocks move up or move down. I'm sure the recent annual report comments by the company have scared off some investors. Others who haven't read the report see the stock in a stagnant phase and decide to move on to greener pastures.