Consolidated Income Statements

Years ended December 31                         1999       1998       1997 
--------------------------------------------------------------------------
(in thousands, except for per share data)

Net revenue                                $ 202,130  $ 211,625  $ 217,355
Cost of sales                                157,181    163,702    185,220
                                           -------------------------------
Gross profit                                  44,949     47,923     32,135

Selling, general and administrative expense   23,388     28,169     26,658
Research and development                       6,409      5,940      3,487
Amortization of intangible assets                986        963        205
                                           -------------------------------
Operating income                              14,166     12,851      1,785

Interest expense, net                          1,730      1,298      1,959
Other income, net                               (219)      (204)    (2,205)
                                           -------------------------------
Income before income taxes, minority
 interests and discontinued operations        12,655     11,757      2,031

Income tax expense                             3,099      4,311      1,143
                                           -------------------------------
Income before minority interests
 and discontinued operations                   9,556      7,446        888

Minority interests in losses of 
 consolidated subsidiaries                         -          -        639
                                           -------------------------------
Income from continuing operations              9,556      7,446      1,527

Loss from discontinued operations
 (net of applicable taxes of $186)                 -          -       (375)

Gain on disposal of discontinued operations
 (net of applicable taxes of $2,160)               -          -      4,192
                                           -------------------------------
Net income                                 $   9,556  $   7,446  $   5,344
                                           ===============================
Earnings per common share:
 Income from continuing operations:
  Basic                                    $    1.00  $    0.79  $    0.09
  Diluted                                  $    0.97  $    0.76  $    0.09
 Net income:
  Basic                                    $    1.00  $    0.79  $    0.50
  Diluted                                  $    0.97  $    0.76  $    0.48

Shares used in computing 
 per common share amounts:
  Basic                                        9,515      9,438      9,424
  Diluted                                      9,861      9,793      9,826

The accompanying notes are an integral part of the consolidated financial statements.

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Management's Discussion and Analysis of Financial
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Consolidated Statements of Cash Flows

Consolidated Statements of Shareholders' Equity

Notes to Consolidated Financial Statements 1

Notes to Consolidated Financial Statements 2

Notes to Consolidated Financial Statements 3

Report of Independent Auditors

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