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Technology Stocks : Bolt, Beranek & Newman [BBN]
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To: John A. Young who wrote (50)8/8/1996 8:12:00 PM
From: mitch perry   of 307
 
I too agree that long-term prospects for BBN look bright indeed. I'm just curious, though, how you arrived at the assurance of profitability within two quarters, in light of BBN CEO Conrade's statement which accompanied BBN's press release of annual earnings performance. An excerpt is pasted below:

"Our strategy is working. Our investments are yielding strong
order growth. In fiscal year 1997, we expect to grow Internet
services revenue by approximately 100 percent. While we expect to
incur substantial losses, we believe operating margins will improve
later in the year...."

That sounds to me like they don't expect to be out of the red anytime during the upcoming year. What am I missing?

BBN's probably shaping up good long, but I'm afraid there's still downside potential even from 18. Convince me otherwise, 'cause I'm looking to buy...

mp
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