The Red Chip Review* [changes their tune on TMSR].
Research Report on (NASDAQ:TMSR) dtd June 2, 1998, Book 2.
15-month price target of $14, 0r 15x our 1999 mid-point EPS estimate
"...the returns have slowed, but 2Q98 will take a smaller but significant hit as well, as the returned controllers continue to trickle in...the slowing sales trend and the return problems create some questions for TMSR going forward. As PC sales gradually slow, the competition in the controller market will become more intense... [see esecurities' E3 posts]...We expect more competition for TMSR in the PC racing wheel market in 1998...With the return problems continuing into the second quarter and all of the questions and related risk in this competitive market, we are lowering TMSR to a "C"..." © 1998 CROWN POINT PUBLISHING, INC, dba THE RED CHIP REVIEW (Available at major County Public Libraries Nationwide).
*note: This report was dated June 2, 1998 wherein Kent Koski was still designated CFO in said Red Chip Review Report.
The Red Chip Review
L. Alan Davis
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