pass pass
I must disagree with your "just profit taking" statement
It is only "just profit taking" when it is other peoples money.To me this is more of a case of OH MY GOD THEY ARE ROBBING ME BLIND<ggg>
I found this now I wonder what has him thinking growth will slow
Friday, July 14, 2000
USB cuts Powerwave
--10:56 am - By Michael Baron
Powerwave Technologies (PWAV: news, msgs) is slipping 11 1/4, or 21.7 percent, to 40 5/8 in morning action despite coming in with better-than-expected quarterly earnings. After Thursday's closing bell, the Irvine, Calif., provider of high performance RF power amplifiers for wireless communications networks reported second-quarter earnings of $11.4 million, or 18 cents a share, above last year's profit of $4.2 million, or 7 cents a share, and ahead of First Call's average estimate of 16 cents a share. Sales rose 61 percent in the latest three months to $110.5 million from $68.5 million in the same period a year earlier. But USB Piper Jaffray hit the stock with a downgrade from "buy" to "strong buy" on concerns about a slowdown in earnings growth in fiscal 2001. The firm raised its revenue and earnings estimates slightly for the remainder of 2000 and maintained its $60 price target. |
