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Technology Stocks : Simulation Sciences (SMCI)
SMCI 51.95+3.1%Oct 31 3:59 PM EST

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To: Rational who wrote (118)2/14/1998 10:34:00 PM
From: James Hutton  Read Replies (1) of 183
 
I've followed this company for a long time and it always seemed fully valued to me. I tried to get in at the end of the day on the 6th, but got shut out. I'm still out. I just saw the most recent First Call estimates for FY 98 and FY 99. They've gone down sharply and are now .43 and .75 respectively.

Everything I've read on this board and in the press seems to suggest that last week's debacle was due to R&D expenses and a contract delay. But, these "one-time" glitches would not seem to lead to the kind of downward pressure on earnings that the analysts are predicting.

Any of you experts have any explanations?

Oh yeah, any opinion of whether the recent plunge in oil prices is also hurting the stock?

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