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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist
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To: Jerry Olson who wrote (5771)5/2/2002 10:16:30 AM
From: Steve Lee  Read Replies (1) of 5893
 
"EMLX CEO said they are already book at 75% of the quarter in 1 month..very bullish there"

Don't see why that is bullish.

That 75% includes everything they shipped in April along with everything they are planning to ship in May and June. In other words they still have to receive orders for, and get out the door, the other 25% of their quarter's guidance.

Here's what the CEO said verbatim:

"Generally we're right on track. We just completed yesterday month number 1 & we're pleased with our progress so far. We've had sequential growth the last couple of quarters and we continue to see the business remain relatively strong. The quarter so far, I've said this before at other conferences, the quarter so far has been very linear as it has been the last couple of quarters. Linearity is always subject to individual interpretations; we've had people, you know, make comments about our linearity but what I mean by that is here we're one month done in the quarter and I think with shipments out the door and backlog for the current quarter we're about 75% towards, you know, towards the guidance out on the street with two months left to go. So we're in reasonably good shape I think."
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