Sword, any thoughts on insider action? Have been waiting for some insider buying to appear, yet they are still selling at these prices. Do insiders just "never buy" any more?
edit: now I see why they were selling:
Capstone Turbine Substantially Lowers Sales Expectations for Third Quarter
CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 22, 2001--Capstone Turbine Corporation (Nasdaq:CPST - news), a leading producer of low-emission microturbine systems, today announced that it has substantially lowered its expectations for sales of its 30-kilowatt and 60-kilowatt microturbine units during the quarter ending September 30, 2001 and for the full year 2001.
``We reported in our SEC filing for the second quarter that a large portion of our sales occurred during the latter part of that quarter, and that the trend appeared to be continuing into the third quarter,'' said Dr. Ake Almgren, President and CEO of Capstone Turbine Corporation. ``We pointed out then that, as a result, it was difficult for us to forecast the level of sales that might occur in the third quarter. So far during the third quarter, we have not yet begun to see a pickup in our order flow like we experienced in the latter part of the second quarter, while sales during the first half of the third quarter have lagged substantially behind those during the first half of the prior quarter. So we are lowering our expectations today accordingly. |
