To: Karl Drobnic who wrote (237) | 7/21/1998 1:18:00 PM | From: David Wiz | | |
Karl,
7 DMT-2000's at $165,000 is $1.16 million. Their sales for the quarter were only $2.37 million. Don't you at think this would merit a mention in the earnings report, even if they didn't name the buyer?
David |
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To: jackson who wrote (243) | 7/31/1999 5:25:00 PM | From: stoplossboy | | |
Looks like SMIT has hit bottom and has started a slow climb back up. They have new technology and the orders for 1Q '2000 have exceeded all orders for FY 1999. Insiders are beginning to accumulate stock slowly. Here is some more info.....Any comments?
Wednesday June 30, 6:07 pm Eastern Time Company Press Release Disk Market Accepts New Schmitt Technology PORTLAND, Ore.--(BUSINESS WIRE)--June 30, 1999--Schmitt Industries, Inc. (Nasdaq:SMIT - news) is pleased to announce that Seagate Technology has entered multiple orders for Schmitt's new TMS-2000RC measurement machines.
Several units have already been shipped, and additional orders are anticipated in the future from Seagate and other hard disk media manufacturers. Schmitt worked closely with Seagate over the last six months to further enhance its laser light scatter measurement technology. The TMS-2000RC can now measure disk surface roughness less than one Angstrom (one angstrom is four billionths of an inch) as well as determine the microroughness of the surface in both the radial and circumferential direction simultaneously. This advanced TMS-2000RC machine should become the instrument of choice for disk manufacturers moving towards the ultra-smooth disk drive media required for the future. Ultra-smooth disks allow drive manufacturers to greatly increase storage capacity of the hard drive assembly.
Future media for the disk drive industry will be less than 1 A (Angstrom) in overall microroughness with a component of 0.6 A circumferentially and over 1 A in a radial direction. Schmitt management believes its TMS-2000RC is the only equipment available to the market which can provide these measurements in a production environment. Schmitt management intends to add this new measurement technology to its DTM-2000 automated measurement equipment in the next 90 days.
The foregoing information contains certain forward-looking statements that anticipate future trends or events. These statements are based on certain assumptions that may prove to be erroneous and are subject to certain risks including but not limited to the uncertainties of the Company's new product introductions, the risks of increased competition and technological change in the Company's industry and other risks detailed in the Company's Securities and Exchange Commission filings. Accordingly, actual results may differ, possibly materially, from the predictions contained herein. |
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To: Brian Meath who wrote () | 1/11/2000 1:15:00 PM | From: GARY P GROBBEL | | |
wake up call...this just out..trading around 2 1/4... (COMTEX) B: Schmitt Industries Announces Sales of New Technology to D B: Schmitt Industries Announces Sales of New Technology to Disk Drive Markets PORTLAND, Ore., Jan 11, 2000 (BUSINESS WIRE) -- Schmitt Industries laser measurement subsidiary, Schmitt Measurement Systems, Inc. (Nasdaq:SMIT), is pleased to announce its latest product development for the disk drive industry. The "TMS-2000-DUV" technology uses a deep ultra-violet light to measure the surface roughness of glass substrates. The next generation of disk drives will be made with glass disks and disk drive manufacturers are demanding a cost-effective method to measure the surface micro-roughness of those products so as to assure maximum quality and minimal defects. At the request of Seagate Technologies, Inc., the world's largest manufacturer of disk drives, Schmitt has developed the technology to measure the surface roughness of glass disk substrates to levels of one angstrom. Once again, Schmitt is leading the market by providing the only cost effective system to test the surface roughness of glass disk substrates for hard drives. Wayne A. Case CEO of Schmitt stated, "When Seagate originally approached us regarding measurement of glass substrates, it was a challenge we eagerly accepted. Existing lasers passed through the surface, producing no light scatter to be measured. The challenge was to find a light source that would produce the light scatter necessary for measurement. Our engineers created special optics utilizing deep ultraviolet light so our light scatter technology could measure glass. The samples provided by Seagate were tested and results matched their expectations. As a result of those tests, they have recently issued a purchase order for the first Beta unit to measure the roughness of glass substrates. The future of disk drive manufacturing will be with glass disks. This places us in a position of providing the technology the industry demands. "It is important to remember that even though the use of glass for manufacturing disks for hard drives will grow significantly, aluminum based disks will continue to be a significant part of that market. Our recent sales activity demonstrates this fact. In the month of January we will be shipping two TMS-2000-RC units for use in measuring aluminum disks and we are currently quoting and negotiating with customers for additional units. The average unit sales prices for these products is $75,000, and therefore achieving our revenue goals for the year requires a small number of unit sales in the next five months. In addition, we have entered into a sales representation agreement with ULVAC Japan Ltd., a multi-million dollar distributor in Japan. That organization has received a great deal of interest in our products, demonstrating not only the continued viability of our technology but improvement in the Japanese economy." The information contained in this release contains certain forward-looking statements that anticipate future trends or events. These statements are based on certain assumptions that may prove to be erroneous and are subject to certain risks including but not limited to the uncertainties of the Company's new product introductions, the risks of increased competition and technological change in the Company's industry and other factors detailed in the Company's SEC filings. Accordingly, actual results may differ, possible materially, from the predictions contained herein. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Schmitt Industries Linda M. Case, 503/227-7908 WEB PAGE: businesswire.com GEOGRAPHY: OREGON INTERNATIONAL ASIA PACIFIC INDUSTRY CODE: COMPUTERS/ELECTRONICS GOVERNMENT HARDWARE MANUFACTURING PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. *** end of story *** |
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