DIVERSIFIED INDUSTRIES &lt;DEI> 1ST QTR OPER NET

  Period ended Jan 31
      Oper shr two cts vs eight cts
      Oper net 96,000 vs 449,000
      Sales 37.6 mln vs 35.8 mln
      Avg shrs 5,317,900 vs 5,689,277
      NOTE: Full name is Diversified Industries Inc
      Earnings exclude gains from utilization of tax loss
  carryforwards of 62,000 dlrs, or one ct a share vs 358,000
  dlrs, or six cts a share
  

