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Technology Stocks : Wind River going up, up, up!

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To: Richard Forsythe who wrote (1198)6/4/1997 9:24:00 AM
From: Richard Forsythe   of 10309
 
More from briefing.com on INTS warning...

INTEGRATED SYSTEMS INC. (INTS) 13 15/16 CLOSED. Provider of embedded operating software and simulation and control design tools is expected to open lower this morning after the company warned last night that it sees its net income for the 1st qtr between $0.01 and $0.03 per share. The company also sees its revenue for the quarter between $24.5 and $25.5 million. Compared to projections, the company said that the bookings were lower in North America and Europe and were higher in the Far East. Expenses for the quarter are estimated to be sequentially lower compared to the fourth quarter of fiscal year 1997. The company blamed its current ills on a "major product transition cycle that will define the competitive landscape for many years." Prior to the announcement, the company was projected to make $0.06 a share, according to the First Call mean estimate, versus year-ago net of $0.11 a share. This is the second warning from this company and the stock traded $3 lower last night on Instinet following its earnings warning. Issue will most likely trade at a third of its value from the high of $30 achieved in the early part of January and well below its $42 1/2 high reached in 1996.
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