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Revision History For: Frequency Electronics/The China Connection

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The China market will be big someday and FEI will play a big roll in timing. They already have their plant established. MOT is there to, and a buyer of FEI products. Balance sheet is in good shape, and it's making money when many others in their market are not. Much was already been spent on R & D for new product development costs (Gillam). New products should start adding to sales in second half of the year. IMO-a safe way to play a high tech stock. OK -It is an AMEX stock, but the specialist does a good job matching orders at a reasonable spread. The little know kicker here is the defense business. Although small now, it could play a mutch biger role.

GITY

RR