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Technology Stocks
Pro-Dex Inc. (PDEX)
An SI Board Since March 2000
Posts SubjectMarks Bans Symbol
1 0 0 PDEX
Emcee:  Manfred Type:  Unmoderated
Pro-Dex, Inc. is a holding company that operates in
the dental industry through four wholly owned
operating subsidiaries: Biotrol International, Inc.
(Biotrol), Challenge Products, Inc. (Challenge), Micro
Motors, Inc. (Micro), and Oregon Micro Systems,
Inc. (OMS).

Here is an extract from a news release of March 14th 2000:

"DENVER, March 9 /PRNewswire/ -- The following is being issued by Neidiger, Tucker, Bruner, Inc.,
a member of NASD Regulation, CRD #7425:

Pro-Dex's OMS Division (Nasdaq: PDEX - news) increased sales 397% in Q2 and has a current
annual revenue run rate of $10MM. NTB's analyst Michael Shonstrom notes that suppliers to the
semi-conductor equipment manufactures like Advanced Energy Devices (Nasdaq: AEIS - news) sell at
market capitalizations of 10x current revenues. Pro-Dex's total market capitalization is only $30MM or
3x the sales of its OMS Division alone.

Importantly, OMS's motion control circuit board technology is used by a number of equipment
makers including Applied Materials (Nasdaq: AMAT - news) and the company has developed proto-
types of compact PCI technology for next generation equipment. Additionally, OMS has expanded its
distribution into a number of new industry channels with PC104-based systems using Wagner Electric
servo-motors and controllers and mini-PCI card-based boards.

With the turnaround in its dental business now going on, NTB expects Q3 EPS of $0.04 versus a loss
of ($0.08) and $0.20 estimated for FY 00.

On its own, OMS should be valued at 4.0 run rate revenues with balance of the company valued at
1.0x sales. This results in a market value of $57MM and a target price of $6. With a return to
profitability, NTB has raised its rating to a BUY."

Some links:

pro-dex.com
biz.yahoo.com
biz.yahoo.com

Only 8,79 mil shares outstanding, float is very thin: 4,4 mil.

Stock just broke out and closed on a new 52 week high: 4 1/4

Manfred
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