Sequent Message Board - Msg: 2236630

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Technology Stocks : Sequent

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To: van wang who wrote (589)	9/20/1997 1:59:00 PM
From: Rob C.	of 1229

Van, The reason for the down days are these... 1. Fidelity sold 1.5 million shares. 2. Sequent is going to miss earnings by about .05 to .07 cents.....current estimate is .29 we should come in around .22 to .26. 3. Many people get scared when big funds sell so they sell. After speaking to the manager of investor relations yesterday(John Eldrich), I was more confident than ever. Nothing fundamentally has changed and revenue that was supposed to be realized this quarter has been moved to next quarter. The Oxford contract is worth 38 mil. and only a smaller portion than expected was shipped this quarter.(This is the reason for the miss!!!) Not Europe as others have stated.

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