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   Technology StocksAnalysis & Technology, Inc. (AATI)


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To: Thomas J Engelsma who wrote (10)9/4/1997 2:05:00 PM
From: Thomas J Engelsma
   of 27
 
Another release of 14mill more sales today.

Very interesting that this one is moving up slow enough
to not attract attention.
Is the management buy-back complete yet ?

Later, TOM

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To: Thomas J Engelsma who wrote (11)9/4/1997 4:58:00 PM
From: Thomas J Engelsma
   of 27
 
Found a 'look alike' for PSR comparisons, it's CMRO (Comarco)
They were/are a defense supplier that broadened their sales
going commercial with a software/service product. Thay are
commanding a 1.33 PSR with 80 mill sales. Meanwhile AATI
is holding the meager .34 PSR of a defense supplier with sales
of 142 mil -- So CMRO is overvalued (don't think so) or AATI is
undervalued (think so).

Just for fun let's hit a neutral ground of PSR= (1.33+.34)/2 = .83
So, .83 * 142 mil / 2.32 mil shares = 50.8 per share!!! thats low
neutral ground with no growth (AATI is growing sales about 16% )

Finding one this undervalued makes you look everywhere for
something that was missed , and that is usually LTdebt, in this
case it is minimal (.06 d/e ratio) Only thing I can find that has been
missed is coverage by instituions -- anotherwords, actually have
a chance to beat the funds.

Later, TOM
opertech.com

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To: Thomas J Engelsma who wrote (11)10/20/1997 12:59:00 AM
From: John Anderfuren
   of 27
 
Inside buying continues
92,100 shares adv $ 23.62 on 9/3 - 9/30 by S,S
Net & Spearfishing SI String Come on over for a visit

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To: Thomas J Engelsma who wrote ()12/18/1997 3:07:00 PM
From: Thomas J Engelsma
   of 27
 
Something interesting is happening here.
Re-crunch of the numbers shows a near term target of 32
or about a 30% gain short term.
Long term is still at the 62 area.

Later, TOM

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To: John Anderfuren who wrote (13)12/19/1997 8:30:00 AM
From: Thomas J Engelsma
   of 27
 
That was quick, announced a 3-2 split this morning.
Looking more like MFAC all the time.
This will make 3.57 mil shares.
One more split mid '98 and the funds are involved ??

Later, TOM
opertech.com

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To: John Anderfuren who wrote (13)12/22/1997 10:32:00 AM
From: Thomas J Engelsma
   of 27
 
In for another buy today @ 25.25
Probably last buy on this one.
Here on it's up to management.
They've performed so far, buy back --> acquisition --> split

Later, TOM

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To: Thomas J Engelsma who wrote ()12/23/1997 9:55:00 AM
From: Thomas J Engelsma
   of 27
 
Motion has started, broke the handle yesterday,
and up a nice 1 3/8 out of the blocks today.

Later, TOM

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To: Thomas J Engelsma who wrote (17)1/5/1998 5:52:00 PM
From: Thomas J Engelsma
   of 27
 
29 3/8 +1 7/8
Another nice move today, right on target for short term of 32

Be interesting to see if they make the dividend quarterly instead of
annual after the split.

Later, TOM

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To: Thomas J Engelsma who wrote ()1/6/1998 1:34:00 PM
From: Thomas J Engelsma
   of 27
 
Volume picking up, considering this thing is very thin.
At 40k traded so far today. Looks to be getting interesting.

Later, TOM

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To: Thomas J Engelsma who wrote (19)1/8/1998 8:34:00 AM
From: Thomas J Engelsma
   of 27
 
Another 16.9 mill in sales anounced this morning.
5 year contract -- add more to the 480+mill backlog

And it looks like another avenue of income for AATI
as this is to do with antenna installation, repair and
service.

Be at 32 soon.

Later, TOM

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