Zeev's Turnips - No Politics Message Board

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

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To: Zeev Hed who wrote (50159)	4/11/2002 1:56:50 PM
From: J L Segal	Read Replies (1) of 99280

No news today on SCON. A couple thoughts on what could be driving it: -The "major order" expected "later this year" from a Mexican customer (SCON news release in early Feb) has materialized (recall last time they reported a large order, SCON moved up nearly 2 points) -Anticipation of strong 1stQ report - no warning - SCON said they were expecting 4 - 4.5 mil in rev's, which would be 43%-60% up vs. previous year, and 25%-40% up from previous quarter. Wells Fargo reiterated their BUY rating on SCON yesterday, FWIW. -News coming on patent infringement case??? Either somebody thinks they know something, or a large short is covering. SCON is up on 4x it's average daily volume, with more than 2 hours before the close. JLS

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