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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (974)	5/11/1999 1:47:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1250

Info from CMC's website: cmcmfg.com History: - Spun off of ITT and became publically held in 1990. - Original Corinth MS facility built in 1961 offers 350,000 square feet of manufacturing space and provides full plastic injection molding, fixture tooling, screen rooms for RF (wireless) testing, SMT and ball-grid array assembly and testing. - Corinth MS facility is just over an hour's drive from Federal Express' Memphis hub and UPS' Nashville hub enabling inexpensive overnight delivery in North America. - In 1996, moved to new HQ in Santa Clara CA which has 75,000 square feet of manufacturing space. - Currently, CMC has over 526,000 square feet of manufacturing space and something like 1300 employees. - Has won various customer quality awards including: o IBM's Continuous Supplier Award o AT&T's Silver Supplier Award o HP's Distinguished Supplier Award o Micron's Top Ten Supplier Award o Harris' Supplier Achievement Award Recently Opened Facilities: - Taipei, Taiwan (opened Fall 1997) o purchasing office - Hermosillo Mexico (opened Spring 1998) o initially 55,000 square feet of manufacturing space. o expanded with $3.7M private placement of 650,000 shares. o currently 101,500 square feet total manufacturing space (August 1998) o full SMT assembly plus complete system integration, test + box build. o received ISO 9002 certification in January 1999. Customers: - Premisys Corporation o CMC's Mississippi facility is Premisys' primary EMS provider. o Premisys makes integrated voice/data/video access solutions for telecommunications service providers. - Williams Electronics o CMC provides prototyping, materials procurement and management, PCB assembly and test, and repair/rework services to Williams. o Williams makes coin-operated and home video games, pinball machines, video lottery terminals, gaming devices, and video arcade games for its affiliated companies, Midway Games, and Atari Games Corporation. - Next Level Communications (NLC) o New (June 1998) contract expected to generate $100M revenue for CMC. o CMC makes NLC's "N3 Resdential Gateway" which is an xDSL set-top box. - Harris Corporation o Harris has been a CMC customer for over 6 years. o In February 1999, gave CMC a "Next Level Supplier Alliance Quality Award for 1998" which recognizes CMC for their outstanding product quality. o In February 1999, selected CMC to provide EMS for the paging products made by Harris' Communications Products Division in Camarillo CA. Revenue: 6 months ended 31 January 1998: $179,047,000. 6 months ended 31 January 1999: $148,314,000. Primary reason for lower sales was an "insourcing" decision by one box-build customer; excluding this one project, they say their "core" sales grew 37% between these periods. Fiscal Year ends 31 July. Q1FY ends 31 October. Q2FY ends 31 January. Q3FY ends 30 April. Q4FY ends 31 July. Weighted average shares outstanding (31 January 1999): Basic: 7,593,000 Diluted: 7,718,000 Investor relations: CMC Industries Investor Relations Department 1801 Fulton Drive Corinth, MS 38834 (601) 287-3771 ext. 170 E-mail: invrelations@cmcind.com Graph of stock price: stockmaster.com