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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Suresh who wrote (24894)1/25/2000 3:39:00 PM
From: Johnny Canuck  Read Replies (1) of 68181
 
Suresh,

I only got to hear the opening remarks, then I had to go to a meeting. I won't get a chance to hear the rest till tonight. It sounds like the weakness could be at least 2 Q if now 3 Q's(due to the slow down in Europe during July/August). In the mean time:

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To: Harry Lew (6453 )
From: llwk7051@aol.com
Tuesday, Jan 25 2000 11:50AM ET
Reply # of 6459

Harry, the conference call was not that bad. The drop was caused by lower guidance.
Tax rates and spending on new products were major reasons for drop. Also, cablespan
is growing and has lower profit margin. Here are a few highlights.
Earnings will be backloaded for year with greater sales growth in last two quarters
Expenses for first half higher because of new product training.
First quarter earnings expected to be 30 Cents. This compares to 24 cents restated
numbers for prior year.
Acquistions will hurt earnings for first two quarters by about 1 cent a share. Should be
accreative by fourth quarter.
Backlog soared 56% above 1998. Heavy 5500 growth.
30 % earnings growth achievable.
Tax rate cost 4 cents a share for 2000 over prior rate. Caused by greater US sales
expectations.
Robert
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