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Technology Stocks : Cornerstone Imaging (CRNR)

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To: Mark A. Stang who wrote (406)2/4/1998 11:00:00 PM
From: Paul Haynes  Read Replies (1) of 430
 
Mark,

I certainly agree with you. I doubt management would say that profit plummetted. If they did, then I guess I would have to say (humbly, as a shareholder) that they are correct.

I have not digested the earnings report but am pleased that they did not hurt the cash position any further with the $0.03/per share.

The software division had revenue of $3.6 million up from $3.2 million in the previous quarter. Gross margin for software remained high at 92%.

The display division margins fell to 23.7% from 25.4% last quarter.

CRNR is 2 1/2 points below where I bought. I thought the Barons' effect from the mention back in December would get me out. CRNR peaked at 6 3/4 after that mention.

Good luck to the CRNR longs,
Paul
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