Darrell, To answer one of your questions: I can't recall how Syquest records their revenues (sold through the channel or not). If I recall however, in the past they had to take some reserves for EZ135 inventory in the channel which would suggest they use the less conservative method. I'd normally just call IR for info like that, but they don't seem to return my calls, (must be defective voice-mail).
As for your other question regarding trading tomorrow: there are two opposing forces. First, the earnings report held no surprises and was right in line with the parameters the EdHeads detailed in their earnings update press release at the end of the quarter. Second, we have the CNBC interview, which if done correctly, could provide a major boost to the stock as well as the image of the company.
IMO, based on the report alone, the stock would quickly begin to slide back into the two's. It could be saved from that fate by the CNBC interview.
Regards - Dale |
