Park Electro (PKE) - Why tanked 7 points? Message Board

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Technology Stocks : Park Electro (PKE) - Why tanked 7 points?

PKE 23.91

-1.7%

Feb 4 3:59 PM EST

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To: WebNoise who wrote ()	9/25/1996 3:31:00 PM
From: MARTIN H SILTON	of 57

PKE reported this AM earnings of .40/share for the quarter. This is well above the street estimate of .32 and should limit the downside as the analysts upgrade their estimates for the year. The company said they would have no difficulty in exceeding the .40 for the 3rd quarter. Also they said shipments of new products would start in the 4th quarter. Somewhat negatively, they said the earnings and sales increase was principally due to resumed shipments to their largest customer (GM) and tightening of budgets. They said that as yet they saw no signs of an end to the current inventory glut in their marketplace.

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