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Technology Stocks : Vari-L (VARL)
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To: J Stone who wrote (1098)7/23/1999 4:28:00 PM
From: Labrador  Read Replies (1) of 2702
 
>>The only negative, albeit a small one, that I got out of the CC was VARL needs a little help on their press releases. They should have indicated that increased fixed costs -- depreciation etc -- caused net income to drop while net revenues increased and given dollar amounts. Instead, Jon Clark waited until the CC to cover these points. Much of the sell-off might be attributed to people thinking the margins have declined.<<

Thanks for the summary, JTone. I missed the call. Yes -- Absolutely -- The company's press release regarding earnings showed revenues up from first quarter, but earnings down -- no explanation whatsoever. The release was quite skimpy on details; hence, people got nervous. It is good to see people that listened to the conference call hanging tight, and comfortable.

So why didn't you buy more on the dip, or did you?
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