Our little earnings play LTXX.. made the big time today.
Stocks in Focus May 26 1999 10:54AM CST Archives...
Who Is LTXX?
by Paul Anthony Thomas, Contributing Editor
LTX [LTXX], designs, manufacturers, and markets test equipment for the Semiconductor Industry. Founded in 1976, the Company has development and manufacturing facilities in Westwood, Massachusetts and San Jose, California.
LTX is the only semiconductor test equipment company in the world with ISO certification for all international design, manufacturing, and service functions.
Semiconductors tested by LTX equipment are used in the multimedia, networking, communications, automotive, and consumer electronics industries.
The company has a greater than $2 billion installed base of testing equipment, one of the world's largest facilities. LTX has strategic customer alliances with 13 of the world's top 20 semiconductor manufacturers, including AMD, Anam, Hitachi, Hyundai, Lucky Goldstar, Lucent Technologies, Microlinear, Mitsubishi, Motorola, National Semiconductor, Philips, Rockwell, Samsung, Texas Instruments, SGS Thomson, Siemens, Symbios, and Sony.
For the 6 months ended 1/31/99, net sales fell 44% to $60.7M. Net loss totaled $5.8M vs. income of $1.9M. CONVERSELY, LTXX posted a $.05 3Q EPS profit -vs- a $.17 loss as management trimmed the fat and tightened its belt in response to the decline in sales.
Although this company waivers in and out of profitability, I would watch this stock for future acquisition.
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LTX Corporation Defying The Odds
by Blair G. Jeffery
Sr. Investments Analyst
LTX Corporation {LTXX}, a specialty firm in the Semiconductor Industry, has come on strong in the last 6 months. Today the stock, gained 11/16 of a point today on 836,200 shares traded, representing a 128% increase over LTX's 30-day average volume.
High volume, an intriguing uptrend over the last 6 months, a gap at this morning's open and a perfect rise and then base pattern make LTXX a very compelling story. Take a look at the last several moves for LTXX and you can see the stair step fashion in which the stock trades. Today's move is a rise. Research this stock further and if you like it, get in at the next base. You might be surprised what the momentum players will do with this powerful penny stock.
LTX Corporation {LTXX} designs, manufactures, and markets automatic test equipment for the Semiconductor Industry that is used to test digital, linear, and mixed signal integrated circuits and discrete semiconductor components. |
