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Technology Stocks : Ross Technology? Let's talk!
RTEC 28.50-0.5%Oct 25 5:00 PM EST

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To: Mark T. Heath who wrote ()7/29/1996 8:42:00 AM
From: nicole orbegoso   of 475
 
Anyone out there wondering what's up with the drop in rtec lately?
Well, part of the drop is due to Southcoast Capital. They had a strong buy recommendation on rtec and on the 22nd, they lowered to a short term hold. The analyst who put the buy rec out is no longer with Southcoast Capital. The new analyst went to rtec from what I understand, and spent only about 45 minutes there. He saw certain things like revenues being expected to drop to 25% from sunw and didn't even probe farther into that. The reason that rtec is expecting revenues from sunw to drop is because they want them to! They realize that they cannot depend on sunw forever.
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