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Technology Stocks : ESST-the new beginning.

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To: SemiBull who wrote (3478)10/29/2003 7:56:48 PM
From: SemiBull  Read Replies (2) of 3493
 
5:00PM ESS Tech guides Q4 above consensus (ESST) 13.35 +0.38: -- Update -- Company sees Q4 EPS of $0.10-0.13, vs R.R. consensus of $0.06 on revs of $65-68 mln vs consensus of $54.6 mln.

4:35PM ESS Tech reports $0.13, non GAAP (ESST) 13.35 +0.68: Reports Q3 (Sep) non GAAP earnings of $0.13 per share, $0.16 better than the Reuters Research consensus of ($0.03); revenues fell 20.6% year/year to $48.2 mln vs the $41.2 mln consensus. Company states "Both GAAP and Non-GAAP net income for the third quarter of 2003 include approximately $8.7 million of tax benefits." Prelim indication from Reuters is that $0.13 actual is comparable to consensus, we are in touch to confirm.

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