| To: AJ Weissman who wrote (284) | 2/2/2000 11:50:00 PM |
| From: Scott H. Davis | of 292 |
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Performance Technologies Continues Impressive Growth With Record Fourth Quarter and 1999 Results. Probably met wisper numbers, but not a big upside surprise. Still a number of vendors warned of downside surprise EPS numbers due to orders put off till after Y2K, and PTIX exceeded estimates. This may bode well for qtrs 1 & 2 if any orders were delayed. Remember with PTIX that qtr 4 is often gonzo, and qtr 1 2000 will probably be below qtr4 99.
Few other items of note: While A/R is way up, looking at the combination of A/R, Inventories & AP the report looks good, especially the gross margin improvement. Incredible current ratio & debt/equity combo. Without the 1time, the increase in profit year over year was. UNLESS they have a problem with receivables collection, with Nebula just getting released in qtr4 and the possibility of post Y2K pickup, I think there is a good chance of an upside surprise of at least .03 in qtr1.
Wonder when the effects of the acquired technology will bear fruit?
As for the CC, I'd ask about the receivables (collection problems or late breaking shipments?) what the state of Nebula penetration is, and Voice over IP plans/development. I really expect that over the next year, Voice over IP may well become what broadband/fibre was this year.
Won't be able to do the CC tommor (it;s 10:00 a.m. eastern)
If you call PTIX for the #, you may want to consider saying your with Silicon Investor, otherwise if you say investor you will probably be giver the phone # of the delayed re-play. IMSCO Scott
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