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Technology Stocks : MicroTouch (MTSI): at or near bottom? -- Ignore unavailable to you. Want to Upgrade?

To: FastC6 who wrote (309)	4/27/1999 6:34:00 PM
From: Marc Phelan	Read Replies (1) \| Respond to of 343

Snake, Earnings are right on target! Very positive statements going forward. ''Less than three months ago, we outlined a strategic direction for the company,'' said Wes Davis, president and chief executive officer. ''Our strategy is based upon a paradigm shift in the touchscreen market, from a niche market input alternative to mainstream business solutions driven by the global trend to satisfy Information on Demand. That vision is clear and we continue to drive toward our goal of leading the industry in all facets of the touchscreen market. During the quarter, we began delivering on a number of aspects of this strategic plan, such as continuing to enhance our flagship capacitive products and introducing a new line of resistive products for the fast-growing portable computing and personal communications device marketplace. We are already seeing enthusiastic reception for these new products, which set the industry standard for durability and optics, and we anticipate continued design wins in the upcoming quarters.'' ''With these initiatives in place, we are very optimistic that growth in our second fiscal quarter will be substantially stronger than the first quarter. We look forward to making further progress in our strategy to expand our reach into new markets in the coming months,'' concluded Mr. Davis. Marc