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Technology Stocks : USRX
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To: damniseedemons who wrote ()6/10/1996 6:26:00 PM
From: Mark Frutig   of 18024
 
SEATTLE, JUNE 10 (REUTER) - U.S. ROBOTICS CORP. CHIEF
OPERATING OFFICER JOHN MCCARTNEY SAID HE WAS COMFORTABLE WITH
ANALYST ESTIMATES THE COMPANY WILL EARN BETWEEN $2.20 AND $2.40
A SHARE FOR THE CURRENT FISCAL YEAR ENDING SEPT. 29.
THE COMPANY EARNED $1.05 A SHARE IN ITS PREVIOUS FISCAL
YEAR AFTER ADJUSTING FOR A STOCK SPLIT.
MCCARTNEY SAID IN AN INTERVIEW HE ALSO WAS COMFORTABLE WITH
ANALYST ESTIMATES FOR THE 1997 FISCAL YEAR, WHICH ARE IN A MUCH
BROADER RANGE OF $2.96 TO $3.80 A SHARE, ACCORDING TO IBES.
MCCARTNEY TOLD A LUNCHEON MEETING OF INDUSTRY EXECUTIVES
AND INVESTORS HE WAS "QUITE COMFORTABLE" WITH ANALYST ESTIMATES
THE COMPANY WILL POST REVENUES JUST SHORT OF $2 BILLION FOR THE
CURRENT FISCAL YEAR, UP FROM $873 MILLION LAST YEAR.
MCCARTNEY SAID HE THOUGHT INTEREST IN COMPUTER CONNECTIONS
AND OTHER COMMUNICATIONS OVER STANDARD ANALOG LINES WOULD BE
THE MAIN DRIVER FOR THE COMPANY'S BUSINESS IN THE NEAR TERM,
DESPITE INTEREST IN HIGHER-SPEED TECHNOLOGIES SUCH AS CABLE
MODEMS AND ISDN LINES.
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