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Biotech / Medical : Biosource International
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To: Frank Brisebois who wrote (105)4/22/1997 9:08:00 AM
From: Timothy Grimes   of 696
 
BIOI missed mean eps estimates by $.01 In these market conditions a 1 cent miss for a growth stock like BIOI is huge...in fact even companies meeting estimates are getting hit hard. BIOI management knows this and should have been more sensitive to the bottom line.

Current market requires that you beat estimates for a reward -ref: microsoft. Down and out companies like Apple go up on "long shot speculation" only because most people have written it off completely. brutal stuff.

best,

Tim
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