Cornerstone Imaging (CRNR) Message Board

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Technology Stocks : Cornerstone Imaging (CRNR)

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To: Mark A. Stang who wrote (356)	10/10/1997 3:46:00 AM
From: Mad Bulgarian	of 430

Too quiet around here... I better throw in my 2 cents before everybody falls asleep. What, no discussion of FILE's gloating pre-announcement? I'd think it is very significant for the entire sector that they're finally making money. The shorts got it in the shorts pretty bad over there a few days ago. Last quarter CRNR sold $18 mil in monitors and $3 mil in software. If they manage $21 and $3.5, I think they can make $1 mil, divided by about 7.2 mil shares left after repurchase, makes 14 cents - the high end of expectations. Am I too optimistic? FILE says orders firmed up this quarter, and international was strong. These two sell to the same customers; I'd think that CRNR saw the same market trends. Of course, FILE is software and CRNR is yet 85/15 hardware, so you get FILE at 6 times revenues and CRNR at 2. Potential long-term trouble: ISIS vs. TWAIN (they hate to hear about it, but they're not going to win this one). So, whaddaya think?

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