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Technology Stocks : SMIT (Schmitt Inds)likely to post 400% earnings gain YoY
SMIT 0.0155+3.3%Oct 14 2:00 PM EST
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To: John Siewert who wrote (27)6/3/1996 1:05:00 AM
From: Brian Meath   of 276
 
I spoke with the company a week ago, and they reiterated the 20 cent
estimate, but they also mentioned that they were getting an additional
tax loss carry forward that they had not previously factored in to
their estimates (wouldn't say how much, but did say Wayne was
ecstatic about it and that they would hit the 20 cents even without
it).

Bottom line, if they're telling the press that they expect to do 20
cents, they'll probably come in around 22 - 24 cents. They understand
how brutal the market has been to disappointments.
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