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Technology Stocks : Data Dimensions

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To: Jumper who wrote (3096)9/22/1997 11:22:00 PM
From: TA Trader   of 4571
 
H.C. Wainwright has just released a report on DDIM with a BUY rating with the price at $34. Openning sentence "Data Dimensions is the "purest play" on the demand for year 2000 services in our research universe." Much more conservative earnings and revenue estimates of $.45 and $53 million in '97 and $1.20 and $105 million in '98. the company signed contracts for in-excess of $40 million in new business during 2Q97 and expects a similiar level of new business during 3Q97. "We believe that there is a possibility of a meaningful upside surprise in both gross and operating margins. The potentially large, high margined, revenue streams represented by ARDES 2k and royalty payments from the company's licensing partners provide the possibility of significant upside to our revenus and EPS estimates." 3Q97 estimate is $13.0 million in revenues and $.12 in earnings. All in all a very bullish report written by Bennett Notman (respected). Tel. 617 371 1677.
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