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Technology Stocks : Thermo Tech Technologies (TTRIF)
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To: space cadet who wrote (26)8/7/1996 10:00:00 AM
From: DDS-OMS   of 6467
 
Mark: Second quarter ended July 31, so will be reported sometime mid-late August. Lionel should be able to tell you exactly when. I think there is no question but what they will still report a loss, perhaps even larger than expected because of interest payments on those $10 mil debentures. If they are trying to get into the black next qtr or fourth qtr, they might try to load this qtr with expenses so as to reduce expenses in a specific future qtr to help show a profit. Just my opinion, but you see this all the time, i.e. IBM underreporting restructuring costs last qtr so earnings wouldnt fall so much and Madge loading expenses into last qtr when they knew they would have a bad qtr anyway, then any recovery in future qtrs would be easier.

Gary
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