Data Broadcasting Corp. (DBCC) Message Board

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Technology Stocks : Data Broadcasting Corp. (DBCC)

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To: Bruce Holbrook who wrote (248)	4/3/1997 2:48:00 AM
From: Jim P Mitchell	of 5102

Possible explanation of recent movement This stock has been cut in earnings expectations for FY 97 twice on the last 2 months. From .33 c to .29 c Jan 26. You might recall the $15 news came on the Jan 21st. It was cut again March 22 from .29 c to .24 c. The IFN news on the March 18 and Echostar March 26. I also noted a significant 7.7% drop the Thursday prior to Tuesdays .24 c estimate release. Somebody probably knew this one was coming before the rest. In all a 9 c reduction on earnings in 2 months from .33 to .24 The theme here is positive forward looking growth announcements have been used to dampen the blow of the earnings cut announcements. The lesson here is take a second look acting (or not acting) on a positive news release. How come the additional R&D expenses were not indicated earlier in the year in the report to the share holders. I got the impression it would be for the 1st couple of quarters, not the entire year. I wonder if their R&D may be becoming the cost of doing business? JP

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