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Technology Stocks : PROGRAMMER'S PARADISE (PROG)
PROG 0.146+6.5%Jun 13 5:00 PM EST
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To: Larry Brubaker who wrote (2217)8/5/2000 9:15:35 AM
From: Carl R.   of 2383
 
Considering the way the stock has been trading this earnings shortfall comes as no surprise. I actually was only expecting $55 million in sales for the quarter and a loss of $.12, and with the stock trading the way it has been, I am not surprised. On the other hand I think this is probably priced in. With $3 in cash there shouldn't be much downside at this point, especially since the shortfall was once again blamed on Europe.

Carl
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