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Technology Stocks : Sagent Technology, Inc. (SGNT)
SGNT 21.760.0%Aug 30 5:00 PM EST
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To: Area51 who wrote (146)4/20/2000 1:41:00 AM
From: Carl R.  Read Replies (1) of 220
 
Three things a company should never do:
1. Fail to warn if they are going to miss estimates.
2. Make a statement to analysts that isn't completely true
3. Bring into question their ability to properly account for revenue recognition.

Any one of these can easily lead to a 30% hit. Looks like if you do all three the hit is about 60%. The last company I follow to pull this was CDN, and it also took a 60% hit (from 23 to 9). At CDN the CEO and CFO were forced to resign. I am curious to see if there are any resignations tomorrow morning.

Carl
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