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Non-Tech : Eagle Hardware (EAGL) The Next Home Depo

EAGL 1.550

-1.3%

Jan 21 4:00 PM EST

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To: Sunny Jim who wrote (198)	10/13/1997 10:05:00 AM
From: Paul K	of 389

I also talked to IR (Roy) Friday and can confirm previous comments. A Piper Jaffery analyst told his salesmen on Friday they were reviewing (reducing) fiscal 98 to 1.20 They were not downgrading the company though. I would assume that when one broker reviews their numbers that other brokers will also look at theirs.... in my mind that increases the odds one of them might downgrade the company. ------------ I asked IR about the Seattle Times item and found out the Times didn't do their homework. Besides August's sale, David Heerensperger sold 560k additional shares about a week ago. He has about 2mill left. Does he detect a top here? Sounds like he had an inquiry from Piper Jaffery -- and then he sold right after the meeting??? Next Financial report will be released Nov 25th. JCS>>> Do you have access to Pipper Jaffery inside news, what are they saying now? -paul

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