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To: Z Analyzer who wrote (6090)	4/19/1999 6:03:00 PM
From: Mark Oliver	Respond to of 9256

Innovex (INVX) 14 +5/16: manufacturer of electrical components reports fiscal Q2 net of $0.20 a share (excluding charges), in line with the First Call mean, vs yr-ago EPS of $0.28; revenue fell 6% to $20.7 mln; see press release..... Innovex Announces Second Quarter Results PR Newswire - April 19, 1999 17:35 HOPKINS, Minn., April 19 /PRNewswire/ -- Innovex, Inc. (Nasdaq: INVX) today announced earnings for its fiscal 1999 second quarter ending March 31, 1999. Net income was $2,539,000 on revenues of $20,704,000. This compares to revenue of $22,028,000 and net income of $2,995,000 for the fiscal 1999 first quarter and $25,105,000 and $4,262,000 for the prior year second quarter. Diluted net income per share was $0.17 for the quarter, compared with $0.20 for the prior quarter and $0.28 for the prior year second quarter. The current results include charges of over $600,000 or $0.03 per share related to the settlement of threatened litigation by a former director of the Company. Without these charges, earnings would have been $0.20 per share. During the second fiscal quarter, the Company experienced a rapid increase in revenue generated from the sale of flexible circuits. As anticipated, the quarter also reflected a material decline in shipments of wire interconnects. This product transition resulted in over 63% of the second quarter revenue being generated from the sale of flexible circuits as compared to 43% for the prior quarter and 25% for the 1998 fiscal year. The Company exited the quarter generating 75% of its revenue from flexible circuits. Gross and operating margins for the fiscal 1999 second quarter were 33% and 18%, respectively, as compared to 32% and 17% reported in the prior quarter and 35% and 23% reported in the prior year second quarter. The results improved over the prior quarter as a result of improved flexible circuit manufacturing yields and increased fixed cost leverage due to higher flexible circuit unit volume. The net margin for the quarter was 12% as compared to 14% for the prior quarter and 17% for the fiscal 1998 second quarter. The quarterly decrease was due to charges related to the settlement of threatened litigation from a former director. The Company is currently operating at the capacity of its high volume flexible circuit manufacturing facility. Installation of additional equipment to increase the facility's capacity will continue throughout the remainder of the year. Based on current customer forecasts, the Company anticipates demand will continue to outpace capacity expansion until the June timeframe. Progress continues to be made related to the Company's new FSA flexible circuit interconnects for hard disk drives and flexible circuit substrates for integrated circuit packaging applications. Production volumes are expected in the September quarter. Innovex is a diversified manufacturer of electrical components for the computer, medical and telecommunication markets. Innovex is known worldwide for its excellence in advanced engineering and low cost manufacturing. Except for historical information contained herein, the matters discussed in this release are forward looking statements that involve risks and uncertainties, including the timely availability and acceptance of new products, the impact of competitive products and pricing, and other risks detailed from time to time in the Company's SEC reports, including the report on Form 10K for the year ended September 30, 1998, Form 10Q for the quarter ended March 31, 1999 and other Securities and Exchange Commission filings.

To: Z Analyzer who wrote (6090)	4/19/1999 6:13:00 PM
From: Mark Madden	Respond to of 9256

Seagate has a few things going with A/V also. biz.yahoo.com

To: Z Analyzer who wrote (6090)	4/19/1999 6:33:00 PM
From: Mark Madden	Read Replies (1) \| Respond to of 9256

And more on A/V. biz.yahoo.com I believe one of the biggest hang-ups in IP (Internet Protocol) communications is quality voice transmission. Once this problem is solved, we will have many times the capacity on our fiber lines. I wonder if SEG is planning in this direction. They will soon have a huge influx of cash or securities for acquiring these technologies. Of course the transfer of more data will require more storage capability.