SMARTFLEX ALSO MEMBER OF THE IOMG FAMILY Message Board

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Non-Tech : SMARTFLEX ALSO MEMBER OF THE IOMG FAMILY

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To: Douglas V. Fant who wrote (133)	6/12/1997 12:45:00 AM
From: kolo55	of 558

Smartflex sells off due to analyst comments. One analyst has downgraded SFLX based on high end HDD inventory buildup problems at Seagate. He supposedly cut his estimate for the current quarter to the teens from 28 cents a share. Healey at Smartflex wouldn't confirm or deny the report, saying he hadn't heard anything from Seagate yet. Al Castleman has been on vacation since June 6 and will be out until the 23rd of June. I can't believe the earnings estimate of less than 20 cents for this quarter. If Seagate hasn't cut back yet, and if the non-HDD business (HP scanner) picked back up from last Q, then the earnings should be in the mid-20s cents per share at least. One more plunge into oversold territory. Paul

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