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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Softechie who wrote (24531)1/25/2002 9:35:55 AM
From: Dave Gore  Read Replies (1) of 99280
 
Re: RSAS - I guess I still underestimate the illogical fear out there. I think this is a huge overreaction but I admit I was wrong. I just averaged down at 11.25. Here are two news briefs just out this morning.

"Looking ahead, the company reiterated a revenue guidance range of $285 million to $295 million for 2002, mostly lower than the $293 million First Call mean estimate. The company says it expects net income from its core business to range from 25 to 33 cents per share, compared with a consensus of 27 cents."

"RSA Security (RSAS: news, chart, profile), also in the electronic security business, was pummeled for a $5.14, or 31 percent loss, to $11.50. Late Thursday, the company reported a fourth-quarter operating profit that topped breakeven expectations, but came in light of revenue forecasts. The company added that provided a 2002 outlook that was inline with current expectations.

Deutsche Banc Alex. Brown's Michael Carboy noted that the company indicated the U.S. Securities and Exchange Commission is making an inquiry regarding the timing of the disclosure for a change in accounting of distribution revenue estimation in its first quarter 2001 filing.

BTW - they said earnings would come in at 25 - 33 cents per share vs. the consensus mean of 27 cent per share - hardly a disaster.
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