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Strategies & Market Trends : Three Amigos Stock Thread

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To: pipick who wrote (16782)	9/29/1999 1:43:00 AM
From: scouser	Read Replies (1) of 29382

pip I checked the AFFX PR's not much detail, sorry don't have time to dig any further ito bio-chips. IhII not my forte oil and gas but the share price dive is bad and looks like still more downward pressure to come. 206.146.143.80 The q/q #s look great but for the share price I think the CEO says it here HOUSTON, Aug 5, 1999 /PRNewswire via COMTEX/ -- Robert Cone, President and CEO of Industrial Holdings, Inc. (Nasdaq:IHII) (IHI), announced today that he is "perplexed" over the recent drop in IHI's stock. "As I stated in the Annual Meeting, we expect to continue to be a profitable company in 1999. A significant portion of IHI's business is related to the energy markets, and our performance typically lags changes in oil & gas prices by 6 to 9 months. Consequently, we generated record earnings in the 2nd quarter of 1998, and did not feel the effect of last year's downturn in the energy market until the 3rd quarter of 1998, when our business began to decline."

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