The new software features are slated for introduction in the second half of 2011. In the meantime, sales are likely to exhibit positive year to year comparisons. But some orders may be deferred until the new technologies are made available. As a result, we have reduced our 2011 sales estimate by $2 million to $30 million; and our earnings estimate by a nickel to $.30 a share. Data I/O has stockpiled $18.9 million in cash ($2.10 a share), and the company continues to aggressively pursue complementary acquisitions. Spending half that amount and generating a 10% rate of return would boost earnings by $.10 a share. Earnings should get a further boost when the new product lines gain momentum, setting the stage for substantially higher levels of profitability over the next 2-3 years.
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