On January 29th 2003, Infocus Corporation reported 4th quarter 2002 revenue of $181 million, up 21% sequentially and down 6% when compared to the 4th quarter of 2001. For the quarter Infocus reported a pro forma loss of $2.3 million or 6 cents.  GAAP loss was $1.22 per share which was comprised of restructuring charges and  intangible asset charges.  For next quarter INFS expects similar pro forma results. INFS makes multimedia projection products, carries no debt and trades at about .35X sales.  They have $121 million in cash and securities which comes out to $3.08 per share.  With $466 million in assets and $151 million in liabilities tangible book value is $8.00 per share which is more than the current price.

1/14/04 - SOLD AT $11.67 FOR A GAIN OF 92%