Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Shack who wrote (34960)	2/28/2002 4:45:41 PM
From: Dave Gore	Read Replies (3) of 99280

GNSS - after reading some links, maybe the apparent drop in consensus earnings from around 40-45 cents in the Sept. Qtr. to 19 cents is the main reason, but the huge increase in tax rate from about 19% to 35% is scary too. What will that do to 2003 EPS projections and why is the tax rate going up so much? Top that off with a C.C. that frustrated analysts and I am beginning to understand the massive re-evaluation. It sounds like that the analysts all misundestood that the Sept qtr. would be so weak o GNSS management inadvertently or purposely misled them. Who knows?

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