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Technology Stocks : Motorola (MOT)

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To: Michael Ohlendorf who wrote (915)4/6/1998 6:16:00 PM
From: Eugene M O'Donnell   of 3436
 
Michael,

I see no reason for a rally based on these numbers. The Zack's estimate consensus was for $0.30 without the special charges, so they really missed. It looks like a managed number, since this was about half of the pre-warnings estimates. Aside from that, the prediction of a flat second quarter doesn't inspire confidence.

I think it could be a tough day tomorrow. I got in at $55, before the warning, and dodged out at 61 on Thursday to avoid the earnings uncertainty. I hate the suspense!

Anyway, I am looking for an entry point again, and I think something around $50 will be possible within the next month.

JMHO,
GENE
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