Disappointed in the .02 loss. Hopefully the increase in the backlog will balance out that negative. GE, their biggest client, is talking up expansion in the medical arena with the government helping place them upfront in new programs associated with the 'new health care system'under consideration by congress. Still hoping GE decides to take a position or buy Alpha.
From the 10Q - "Our 1% revenue increase does not reflect the fact that our new orders increased 17% in the first quarter of 2009 compared to the first quarter of 2008. By comparison, our first quarter of 2008 benefitted from a significantly larger beginning backlog as well as a one-time gain from a patent sale," said Ron Bissinger, Chief Executive Officer of Alpha Innotech.
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