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Technology Stocks : CHRZ - What is the near term outlook?

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To: Jason M who wrote (396)10/22/1999 9:58:00 AM
From: Benchman  Read Replies (1) of 443
 
What a roller coaster ride this morning. Pre-market ask was 10!! The stock ended up opening in the 11's, and is now only 1/16 down!! I was ready to buy more in the 10's, now I'll just sit back and watch this unfold.

CHRZ announced today that they will earn less then expected this quarter based on a one time restructuring charge. This occurred because of there change over to an "E-Solutions" company. I guess after everyone one's gut reaction to the earnings part, they felt this was a positive? Maybe without the charge, they would have beat estimates? I will have to look.

Rob
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