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Strategies & Market Trends : YEEHAW CANDIDATES

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To: ACAN who wrote (7924)5/16/2005 6:37:05 PM
From: Ken W  Read Replies (3) of 23958
 
Alan

Actually, I did..lol The bride made some chocolate cookies with the kids last Wed.

The report is IMO pretty benign Rev's were up on the storage side, but down on the RFID side (we expected that) expenses were up due to legal and R&D (expected that too) Loss was (.05) same as last year, but with 25mm shares outstanding compared to 17mm same period last year. So, they are making more money, but dividing it by more shares which results in the same P/E of (.05).

The stock is not about earnings at this point anyway to my way of thinking, but the potential growth as they get more into the prison systems.

I think the sell down at the close was due more to lack of any mention of the NEC/NTT agreements in the report. Some people just don't have the attention span to wait out what we already know has happened in Japan with Secom and NEC.

I will admit an expected larger upside reation to the LA county news story, but obviously someone already knew that the earnings were going to be less than stellar. If you don't expect much then you are seldom disappointed. LOL

I've freed up some bullets from ORBT and a couple of other avenues so.....let the trading begin on this!!!!

Ken
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