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Technology Stocks : Cornerstone Imaging (CRNR)

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To: Mark A. Stang who wrote (369)10/11/1997 12:18:00 PM
From: tobin sears   of 430
 
Mark:
Well, let's just say if Zack's current estimate of .12/share is correct, CRNR is in for another dump. I have 'heard', as I did last quarter, that hardware will not meet estimates again. Software, however, is definetly picking-up. The question is can software make-up for the missing difference?!? I say high 4s because CRNR has seen 5 on bad quarters mixed between good ones. Two consecutive misses might bring in the high 4s. My price target is only a guess. My understanding of this quarter's earnings, however, is not. Take it for what you will. There is the possibility that this situation is already built into the current price--which is exactly why i am not shorting it. If the software side keeps going, it will be able to carry the whole company(a little exaggeration). Good luck!

Tobin
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